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
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.
The embedded carbon emissions from the oil, gas, and coal in currently operating fields and mines, if they run to the end of their projected lifetimes, will take us just beyond the Paris Agreement’s 2C warming limit, and even further from the goal of 1.5C, a new study has found.
A new report out from Oil Change International, in partnership with 11 other local, regional, and national organizations, shows that current projections for U.S. natural gas production – fueled by a boom in the Appalachian Basin – will lock in enough carbon to bust through agreed climate goals.
Today, environmentalists delivered a letter to Energy Information Administration (EIA) Administrator Adam Sieminski requesting that “the Energy Information Administration produce a safe climate scenario or scenarios that are consistent with our nation’s climate goals.” The letter comes as the EIA’s Annual Energy Conference begins in Washington, DC.
The appalling video footage showing the brutal executions of yet two more black men at the hands of law enforcement reminds us in the worst way of the importance of saying, reaffirming and ensuring that #BlackLivesMatter in our society.
“The world is in a deep hole with climate change, and the first thing to do when you're in a hole is to stop digging. If world leaders want to show that they’re committed to the kind of bold climate action they agreed to in Paris, the least they can do is commit to ending fossil fuel subsidies by 2020."
Today’s ruling is an important step, but the work continues to stop spending taxpayer dollars to prop up dirty industries. It’s time we stop funding fossils.
More than 200 civil society organizations have joined together to urge G20 governments to commit to end fossil fuel subsidies by 2020.
