Between 2016, following the adoption of the Paris Climate Agreement, and June 2021, public and private financial institutions poured at least $132 billion in lending and underwriting into 964 gas, oil and coal projects in West, East, Central and Southern...
A UK Government event at COP27 in Egypt has marked the first anniversary of a groundbreaking international initiative to phase out international public finance for fossil fuels, one of the most concrete outcomes of last year’s UN climate summit in...
Big Oil faces a new reality where "everything has changed.” Even their long-term survival.
Speaking at COP29 today, experts on the intersection of fossil fuels and justice in Palestine highlighted how multiple systems of oppression converge to perpetuate violence against communities in Palestine.
We know that BP was to blame for the Deepwater Horizon. So too was Transocean and Halliburton. So too was the failed regulatory regime, which was tasked with maximising revenues for drilling at the same time as being responsible for...
From tar sands refinery subsidies in Whiting, Indiana and cash-strapped Detroit to petcoke covering the neighborhoods of Southeast Chicago, this subsidy spotlight explores the human impact of government subsidies gone haywire.
Today marks the two-year anniversary of a massive oil spill into the Kalamazoo River in Marshall, Michigan…a spill whose effects are still being felt in many ways today. By the time the spill was stopped in the late summer of...
Dozens of organizations, flanked by lawmakers, call for reinvestment of fossil fuel subsidies into communities, and new report reveals full extent of industry handouts.
In their belligerent and blinkered attempt to replicate the US shale boom in the UK, the fracking industry and Conservative Government cannot bury three immovable and inconvenient truths that treaten to kill off the industry, even before it has been...
This report, Banking on Climate Chaos 2023, analyzes fossil fuel financing and policies from the world’s 60 largest commercial and investment banks. We reveal that fossil fuel financing from the world’s 60 largest banks has reached nearly USD $5.5 trillion...
