The Stop the Money Pipeline Coalition welcomes Biden's Executive Order as an important step for the climate finance movement and urges the administration to deliver strong reports and action plans ahead of the COP26 climate talks in Glasgow.
Rather than building momentum towards COP27 through delivering strong policies and a harmonized approach to implementing the collective promise to end international public finance for fossil fuels by the end of 2022, the Summit was overshadowed by backsliding.
"At a time when we rapidly need to phase out fossil fuels, this year’s G7 host has pushed for the expansion of gas and LNG and technologies that would prolong the use of coal," said Susanne Wong, Asia Program Manager.
The decision by the Trump Administration’s DOE comes amid glaring warnings about the impacts of LNG exports and widespread opposition to new LNG.
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...
Annual Banking on Climate Chaos reports $429 billion of 2024 dollars are to fossil fuel expanding companies; totaling $1.6 trillion to these companies since 2021
39 countries and institutions signed a joint commitment to end any support for fossil fuels flowing abroad by the end of 2022, and in its place prioritize finance for clean energy. Recently the G7 reaffirmed their commitment and were now...
[caption id="attachment_10598" align="alignleft" width="300" caption="Fishmongers shown in Sekondi, now Sekondi-Takoradi, is Ghana's "Oil City." Fishermen here are among those whose operations have been impacted by the oil development. Like all the fishermen in the "frontline communities," they are extremely worried...
For weeks now, climate scientists and activists have looked increasingly aghast at the unrelenting heat and floods ravaging our baking earth. The pace and scale of the daily climate disasters have alarmed them. And our daily climate breakdown shows no...
Barely is the ink dry on the IEA’s report which called for no new oil and gas development, and yet today, the UK Government gave the go-ahead to the huge Rosebank oil field, which is seen as the UK’s last...
