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 [email protected]
The time has come for ambitious E3F action, not just ambitious words. We do not want to see a year of vague compromises and exceptions that water the commitment down and lead to continued support for fossil fuels, such as gas - as this not only puts the climate at risks, it also locks countries in the south into fossil dependence with all the economic risks that come along.
A policy brief released today by OCI and ODI shows that despite their commitment to align financial flows with climate goals under the Paris Agreement adopted in 2015, the E3F countries still provided €20 billion in export finance for fossil fuel projects abroad between 2018 and 2020.
After two weeks of negotiations COP26 comes to a close. Our experts respond to the outcomes and highlight some of the important progress that happened outside the negotiating rooms.
"After 30 years, governments finally had the guts to talk openly about the problem of fossil fuel dependence at COP26, but failed to encode a bold solution in their final outcomes."
Incremental progress is not good enough. What we need is concrete commitments to fight the climate emergency. This includes a rapid phase out of all fossil fuels through a just energy transition and revisions of national climate targets in line with the 1.5C goal.
”Continued failure to treat climate change as the crisis it is, will condemn current and future generations to a world of untold suffering and harm. Instead, world leaders should heed young people’s urgent calls to protect their futures.”
Today’s announcement comes after the Netherlands, Germany and Spain confirmed their participation in the initiative earlier this week and alongside confirmations from Belgium and Sri Lanka today. The French development bank — AFD — had already signed up to the statement, but not the French government as a whole.
The new report finds that wealthy nations — the United States, United Kingdom, Canada, Norway, and Australia — planning to approve and subsidize new fossil fuel projects which undermines their recent claims of leadership in addressing the climate crisis.
"Gov. Newsom has made key strides, and it’s exciting to see California joining BOGA’s second tier — but to align with science and justice, he must announce a full ban on new oil and gas permits," said Rees.
With launch of 'Beyond Oil & Gas Alliance', countries and regions forge first diplomatic initiative to phase out fossil fuel extraction. Civil society applauds the creation of BOGA and asks countries: Where is your plan to stop producing the fossil fuels that are driving the climate crisis?
