Press Room

Between 2016, following the adoption of the Paris Climate Agreement, and June 2021, public and private financial institutions poured at least $132 billion in lending and underwriting into 964 gas, oil and coal projects in West, East, Central and Southern Africa. The vast majority of this finance came from financial institutions based outside Africa, both commercial banks and public finance institutions like development banks and export credit agencies.

Oil Change International is horrified by Russia’s war against Ukraine. We strongly condemn Russia’s military aggression. Our heart goes out to the people of Ukraine and people across the region who continue their human rights, climate and social justice work in these dangerous circumstances, including in Russia.

A new briefing released today reveals that, despite claiming to be one of the world’s climate leaders, Norway has exponentially ramped up its exploration licensing over the past 10 years, making it Europe’s most aggressive explorer for new oil and gas.

The final three chapters focus on the petrochemical build-out and plastics pollution, regulatory failure of watchdogs, and stories of families on the frontlines of the Permian Basin.

"Any credible analysis of alternatives and alignment with the Paris Agreement would prevent new fossil fuel projects from being financed," said Tucker.

Response defends original analysis, confirms enormous impact of the MVP project, and highlights the many false assumptions that have caused FERC to ignore gas pipeline GHGs.

"We can't adequately address the climate crisis if we're exporting billions of barrels of oil and gas to be burnt overseas. Confronting Big Oil and Gas’s deadly expansion plans is critical, and that's what Rep. Schakowsky and Rep. Barragán are doing with this bill."

The latest installment reveals that while Permian oil production grew 135% from 2015 to 2020, U.S. oil consumption was stagnant. The spread of pipelines, export terminals, tank farms and petrochemical facilities across the Gulf Coast intensified environmental injustice in the region, and was driven by oil, gas and petrochemical exports, not rising U.S. demand.

Ahead of the first meeting of this group of signatories expected today, a group of 57 civil society organizations from every continent sent a letter to the UK government with recommendations for how to ensure the commitment is effective.

"President Biden promised to end the leasing program entirely due to its deadly threat to the climate, but Interior's recommendations fall far short of that goal — and ring particularly hollow days after the largest lease sale in U.S. history," said Rees.