Research

The 16th annual Banking on Climate Chaos (BOCC) report covers the world’s top 65 banks’ lending and underwriting to over 2,700 fossil fuel companies. While the world’s top scientists from the International Energy Agency (IEA) repeatedly state that there is no need for a single new oil field, tanker, pipeline, or any fossil fuel expansion whatsoever, banks ignore climate risk and increase finance for dirty energy companies expanding their sector. This is amidst a rapid retreat from climate commitments many of these banks made at COP26 in Glasgow in 2021.

New report shows that a significant share of the Norwegian population wants emission cuts to happen within Norway and that Labour Party voters are ready for a political shift in oil policy.

New report explores the attitudes of Norwegian voters on oil and gas issues before the upcoming September election. The survey reveals that Labour Party voters place a higher priority on reducing Norway’s climate emissions and transitioning away from oil and gas towards renewable energy, compared to the national average.

The first in-depth analysis on the escalating wave of climate litigation aimed at fossil fuel companies reveals 86 climate lawsuits have been filed against the world’s largest oil, gas, and coal producing corporations – including BP, Chevron, Eni, ExxonMobil, Shell, and TotalEnergies. The number of cases filed against fossil fuel companies each year has nearly tripled since the Paris Agreement was reached in 2015, highlighting a growing global movement to hold fossil fuel companies accountable for their role in the climate crisis.

This updated analysis highlights the ongoing complicity of multiple countries and companies in fueling Israel's war machine. As more and more Palestinians are killed in bombings and pressure intensifies on global leaders, including US presidential candidates, to end the genocide, these suppliers continue to enable the violence.

The Big Oil Reality Check report finds that the climate pledges and plans of 8 international oil and gas companies fail to align with international agreements to phase out fossil fuels and to limit global temperature rise to 1.5ºC.

The 15th annual Banking on Climate Chaos (BOCC) report employs a new, expanded data set that credits each bank making financial contributions to a deal instead of only crediting banks in leading roles. It cuts through greenwash, covering the world’s top 60 banks’ lending and underwriting to over 4,200 fossil fuel companies and the financing of companies causing the degradation of the Amazon and Arctic.

This report, “Public Enemies: Assessing MDB and G20 international finance institutions’ energy finance” looks at G20 country and MDB traceable international public finance for fossil fuels from 2020-2022 and finds they are still backing at least USD 47 billion per year in oil, gas, and coal projects.

The countries that produce oil and gas from the North Sea (Norway, the UK, the Netherlands, Germany, and Denmark) rank among the countries with the greatest economic capacity and responsibility to rapidly phase out extraction, and to finance just transitions to renewable energy solutions domestically and abroad.

This report finds that the EU’s demand for gas is set to decline significantly in line with climate targets, eliminating the need to expand supply from new fields or infrastructure. In the report the authors model how EU’s gas demand matches future supply in various forecasted scenarios.