New Report: G20 governments Have Bankrolled More Than $188 Billion in Fossil Fuels Since 2018
New report updates analysis of public financing for energy projects ahead of expected joint announcement to end these flows at COP26.
Press Room
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]
New OECD coal financing restrictions represent weak progress
Today the OECD Export Credit Group announced new restrictions on its support for overseas coal projects. The restrictions do not address export finance for coal mines and related infrastructure, nor oil and gas financing even if the latest IEA report shows that investments in new fossil fuel production need to end this year to limit warming to 1.5°C.
Last Chance Alliance Responds to Gov. Gavin Newsom Announcement on California Oil and Gas Setbacks
"Oil and gas executives won't let neighborhood oil drilling end without a fight — but we’ll keep fighting for working people until every person’s right to clean air in every neighborhood is guaranteed," said Neena Mohan.
Response to California Statewide Oil and Gas Setback Announcement
"Gov. Newsom must step up his game — there is *no* safe distance at which oil and gas drilling is acceptable for the climate. California must ban all new oil and gas permits and phase out existing drilling with a just transition," said Rees.
Response to Financial Stability Oversight Council Report on Climate-Related Financial Risk
"Arriving at COP26 with a climate risk plan that doesn’t adequately address financial institutions' funding of fossil fuels means the Biden Administration risks forfeiting its chance at climate leadership," said Rees.
New Report: Permian fracking boom will bust the climate and intensify environmental injustice
Oil Change International, Earthworks, and the Center for International Environmental Law are releasing a new multi-media report series entitled The Permian Basin Climate Bomb. The six-part series analyzes the climate, public health, economic, and social impacts of the Permian fracking boom.
In major shift, IEA World Energy Outlook mainstreams 1.5°C pathway, showing need to end oil, gas, and coal expansion
For the first time, the International Energy Agency (IEA)’s flagship annual report on global energy pathways, used worldwide to influence trillions of dollars in investment, details an achievable roadmap to keep global heating below 1.5 degrees Celsius (°C).
Report: USD 1.4 trillion fossil fuel buildout jeopardizes Africa’s economies, climate, and communities
New analysis details why a just energy transition in Africa requires an end to new oil, gas, and coal extraction projects
New Report: Emissions from Proposed U.S. Fossil Fuel Projects Equivalent to Doubling U.S. Coal Plants if Biden Approves Construction
Increased emissions under President Joe Biden would be equivalent to more than doubling existing emissions from U.S. coal plants if the U.S. moves ahead with 21 major fossil fuel infrastructure projects pending review by the Biden Administration.
200+ CSOs call on world leaders to end public finance for fossil fuels in 2021
One day before world leaders meet to discuss the energy transition at the United Nations High Level Dialogue on Energy, more than 200 civil society organizations (CSOs) from over 40 countries have released a statement calling on world leaders to end international public finance for coal, oil and gas.