Oil Change International is a research, communication, and advocacy organization focused on exposing the true costs of fossil fuels and facilitating a just transition to clean energy. For media inquiries, please contact: Valentina Stackl at press@priceofoil.org
Speaking at COP29 today, experts on the intersection of fossil fuels and justice in Palestine highlighted how multiple systems of oppression converge to perpetuate violence against communities in Palestine.
For the first time in three years of negotiations towards the new climate finance goal due at the end of COP29, we finally have a draft text that includes options for rich countries to pay the scale and quality of finance they owe, and for urgently needed support to flow towards a fair fossil fuel support.
Today, the French government outlined new measures aimed at greening the country’s export credit support policy. Under the proposed new policy, France will continue supporting fossil fuel projects worldwide until at least 2035. OCI urges the French government to reconsider this end date as it is grossly misaligned with the Paris Agreement.
"Chase’s path to aligning with the Paris Agreement is obvious — it must stop funding fossil fuels immediately. Anything short of an end to fossil finance is woefully insufficient."
A new report by Oil Change International and Rainforest Action Network (RAN) shows how major banks have continued pouring money into fracking companies in recent years despite numerous warnings that the sector was financially unsustainable — on top of the well-documented environmental, health and climate impacts of the industry.
A new comprehensive analysis released today shows that not a single climate plan released by a major oil company comes close to aligning with the urgent 1.5ºC global warming limit.
The Last Chance Alliance coalition pointed out that while Newsom's announcement was commendable on some accounts, its failure to commit to a phase-out of oil production and a clear just transition policy to support workers and communities makes the order falls short.
Reps. Jan Schakowsky (D-IL) and Nanette Diaz Barragán (D-CA) introduced the Future Generations Protection Act to help ensure a rapid shift to clean renewable energy by stopping further expansion of fracking and new fossil fuel infrastructure.
A global set of 60 climate and rights groups has issued a set of "Principles for Paris-Aligned Financial Institutions" to offer a roadmap for the decarbonization of the finance sector on a timetable aligned with the Paris Agreement.
Water and climate advocacy organizations submitted comments and signatures from more than 43,000 people demanding that the Federal Energy Regulatory Commission (FERC) deny the fracked gas Mountain Valley Pipeline more time to construct the pipeline.
The Commodity Futures Trading Commission issued its report on the risks that the climate emergency poses to the financial system. Stop the Money Pipeline partners issued the following responses.
Today, alongside its second-quarter results, BP announced that it will cut oil and gas extraction — excluding its major share in Russian oil giant Rosneft — by 40% by 2030.
