"This is an important step by the IFC to redirect its investment to align with the Paris Agreement on climate change, and other financial institutions should sit up and pay attention," said Alex Doukas of Oil Change International
Just eight of the world's biggest energy companies helped enrich Vladimir Putin’s war chest to the tune of $95.4 billion (USD) in the seven years after Russia annexed Crimea.
Hundreds of environmental, social justice, labor, and progressive organizations applauded the release of the ReWIND Act, new legislation introduced today that would block a Big Oil Bailout and ensure relief money flows to people, not polluters.
As we drove by the long chain of refineries and other petrochemical facilities that surround the small town of Port Arthur, Texas, noxious fumes wafted into our truck. The residents of Port Arthur, Groves and towns along the Gulf Coast...
For years Big Oil has repeated the dirty tactics of Big Tobacco. And once again it has been found doing so again.
The oil giant Shell spends millions of dollars each year to anticipate the future to try and predict the unpredictable. In a corporate game of crystal-ball gazing, Shell likes to play the long game, looking decades into the future to...
June 1st, 2024, the grand opening day, came and went —but nothing actually happened. It was the latest of many proposed start dates that have come and gone over the years. The highly controversial Mountain Valley Pipeline (MVP) was meant to...
In the seven years since the Paris Agreement was adopted, the world’s 60 largest private banks financed fossil fuels with USD $5.5 trillion. The report lays bare the shocking fact that even as fossil fuel companies made $4 trillion in...
COP28 has the potential to be an historic moment in confronting the climate crisis. The COP28 Presidency has an opportunity to secure a transformational negotiated outcome, if it secures a robust negotiated energy package, including an unambiguous agreement to end...
It has been a terrible, horrible, no good, very bad week or so for Big Oil...and that’s a very good thing for our climate. Let’s recap: Last week, the International Energy Agency released the groundbreaking “Net Zero by 2050” report, which...
