Funding Failure: U.S. Carbon Capture and Fossil Hydrogen Subsidies Exposed
Despite the abundant evidence of carbon capture and fossil hydrogen's failures, the US subsidizes them to the tune of $12 billion - more than any other country.
Oil Change International publishes upwards of 20 reports and briefings every year focused on supporting the movement for a just phase-out of fossil fuels.
Despite the abundant evidence of carbon capture and fossil hydrogen's failures, the US subsidizes them to the tune of $12 billion - more than any other country.
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.
Japan is promoting a dirty energy strategy across Asia that prioritizes fossil fuel production, putting corporate profits ahead of the people and the planet. This series of leaflets provides a wider audience with easy-to-understand information about Japan and its dangerous distractions.
These briefings reveal that Total, Eni, and Equinor are on the cusp of approving a surge of new oil and gas development. If they proceed with all the projects in their anticipated pipeline for 2023, Eni could rank as the world’s third worst oil and gas expander this year and Equinor as the world’s eighth worst by the total volume of new reserves approved for extraction.
This briefing, "Japan's Dirty Secret: World's top fossil fuel financier is fueling climate chaos and undermining energy security," reveals that Japan is the world’s largest public financier of fossil fuel projects, providing 10.6 billion USD per year between 2019 and 2021. Japan has been leading the drive to expand gas consumption in Asia and is the world’s leading financier of gas infrastructure globally, spending USD 6.7 billion on gas projects on average each year between 2019 and 2021.