Press Room

In anticipation of yet another announcement released by the G20 and OPEC+ today, experts at Oil Change International have issued the following statements.

In response to the apparent deal struck today by major oil producers for deep output cuts to end the price war, and in anticipation of the G20 meetings tomorrow, experts at Oil Change International have issued the following statements.

A letter from over 200 organizations calls for a moratorium on construction of natural gas pipelines and LNG export facilities during the COVID-19 public health crisis.

The COP26 bureau and United Nations Framework Convention on Climate Change have announced the postponement of the Bonn intersessional and COP26 climate negotiations to 2021.

Today, the Government of Alberta announced that it would support TC Energy’s Keystone XL oil pipeline, with a direct investment of more than USD 1 billion.

A broad coalition of Indigenous, landowner, environmental, and conservation groups called on TC Energy to immediately halt all activity on its Keystone XL pipeline project due to the coronavirus public health threat. 

The new measures allow for an unlimited amount of public finance to flow to Canada's oil and gas sector at the sole discretion of the Minister of Finance.

We’re in the middle of an unprecedented global health emergency and economic crash, we can’t afford for the federal government to bail out a sector in terminal decline. Workers and communities are struggling right now – there are still massive gaps in Canada’s COVID-19 response packages that are putting millions at risk of losing their homes, jobs, and health. It is criminal for Trudeau to be pursuing a massive handout to Big Oil instead of ensuring these basic needs are met.

The Jordan Cove LNG project would be a climate disaster, responsible for at least 36 million tons of greenhouse gas emissions – more emissions than any other source in the state of Oregon if it were to be built. For over fifteen years, this project has been delayed, denied, and protested at every step of the way. Three key state permits have already been denied, rendering FERC’s approval likely impotent, and highlighting the fact that FERC acts as an industry rubber stamp, ignoring local opposition and state permitting decisions.

A new report released today by Rainforest Action Network, BankTrack, Indigenous Environmental Network, Oil Change International, Reclaim Finance, and Sierra Club, and endorsed by over 250 organizations around the world, reveals that 35 global banks have provided USD $2.7 trillion to fossil fuel companies in the fours years since the adoption of the Paris Agreement (2016-2019). The latest version of the most comprehensive report on global banks' fossil fuel financing, Banking on Climate Change 2020, reveals that 35 global banks have not only been sustaining but expanding the fossil fuel sector with more than $2.7 trillion in the four years since the Paris Climate Agreement. The report finds that financial support for the fossil fuel industry has increased every year since the Paris Agreement was adopted in December 2015. The UN Intergovernmental Panel on Climate Change (IPCC) Special Report Global Warming of 1.5°C has shown that we need to rapidly reduce global carbon emissions if we are to avert the worst consequences of the climate crises. Yet Banking on Climate Change 2020 reveals that the business practices of the world’s major private-sector banks continue to drive us toward climate disaster.