Report: The Vanishing Need for the Atlantic Coast Pipeline
Diminishing consumer demand coupled with more affordable renewables are casting doubt on the overall feasibility and potential profitability of the Atlantic Coast Pipeline.
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2026
2026
Response to European Investment Bank draft policy to stop funding fossils
The European Investment Bank’s proposal to end financing for fossil fuels by the end of 2020 is a massive step forward on climate leadership. With this move, the world's largest multilateral lender is now poised to leave oil, gas, and...
Oil & Gas Climate Initiative Draft Report: Bad Science, Full of Holes
Recent analysis shows that oil majors — including Oil & Gas Climate Initiative members — are set to spend hundreds of billions of dollars more on exploration and extraction of oil and gas that the world cannot afford to burn,...
OCI response to BP’s latest climate plan
BP’s plan is the latest industry spin insisting that Big Oil has ‘seen the light’ on climate, only to distract us from real solutions.
Response to OPEC+ Deal on COVID-19 Production Cuts
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.
Report: the Network for Greening the Financial System (NGFS) must revise its climate scenarios to drive decarbonization in the financial sector
In a new paper published today, Oil Change International (OCI) and Reclaim Finance analyze the shortcomings of the climate scenarios published by the NGFS and highlight the risk that they may be used to justify slow and inadequate climate action...
Oil Change International response to Biden Administration announcements on international finance
"Today’s announcement by President Biden on international fossil finance is welcome but the lack of firm commitments falls short. We urge the Biden administration to add a clear commitment to an immediate phase-out, with no loopholes for gas or any...
New OECD coal financing restrictions represent weak progress
Today the OECD Export Credit Group announced new restrictions on its support for overseas coal projects. The restrictions do not address export finance for coal mines and related infrastructure, nor oil and gas financing even if the latest IEA report...
Climate Advocates: The EU’s International Energy Strategy Is a Reckless Response to a Global Crisis
"The EU's new international energy strategy is woefully inadequate and would lock in decades' more extraction of deadly gas and oil," said Collin Rees.
Revealed: German Government considering 10 large international fossil fuel projects worth EUR 1 billion, despite major climate pledge
New figures show that despite pledging to end its international public finance for fossil fuels by the end of 2022, the German Government is considering finance for ten major fossil fuel projects located all over the world.