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]
While it is positive to see calls for parties to match the urgency of the climate crisis and act together to deliver NDCs that keep 1.5°C in reach, the Troika feigns to ignore a simple reality: it will not be possible without an immediate end to fossil fuel expansion.
The COP Troika could prove valuable if it catalyzes more ambitious policies to limit warming to 1.5°C. However, expanding fossil fuel production is fundamentally incompatible with an ambition to submit '1.5-aligned Nationally Determined Contributions' (NDCs). Such actions are not only hypocritical but also set a dangerous precedent for other nations, undermining global efforts to address climate change.
During his address to the U.N. General Assembly, President Biden touted his climate accomplishments, ready to take his victory lap. But his term isn’t over yet — and there’s still much to be done to ensure the United States achieves its domestic and international climate goals.
Today, Oil Change International released a briefing showing rich countries can mobilize well over $5 trillion a year for climate action at home and abroad by ending fossil fuel handouts, making big polluters pay, and changing unfair global financial rules.
Today, countries once again put the fight against fossil fuels at the heart of the multilateral response to the climate crisis. But words are not enough, we need urgent action. Countries must adopt national climate plans (NDCs) that immediately halt fossil fuel expansion and include plans to phase out fossil fuels.
Today, a coalition of almost 50 climate action groups and frontline community leaders will release their vision for a U.S. NDC aligned with science and justice. The updated U.S. Fair Share NDC reflects the U.S.’s outsized responsibility to address the climate crisis as the largest historical emitter, the biggest producer of oil and gas today, and the wealthiest country in history.
86 climate lawsuits have been filed against the world’s largest oil, gas, and coal producing corporations, with two in five cases involving claims for compensation for climate change damages linked to fossil fuels. The number of cases filed against fossil fuel companies each year has nearly tripled since the Paris Agreement was reached in 2015.
"No matter how much the United States invests in renewable energy, any additional export infrastructure will undermine domestic and international efforts to prevent climate catastrophe. President Biden must follow through on his commitment to lead on climate and stop further approvals of fossil fuels."
Our new briefing reveals how governments in North America and Europe are preparing to waste hundreds of billions of taxpayer dollars on these ineffective technologies, further benefiting the fossil fuel industry, despite their record profits.
Signatories of the Clean Energy Transition Partnership (CETP) have cut their international public finance for fossil fuels dramatically since signing the agreement but are underdelivering on the clean finance pledge, a new report shows.
