New Report: G20 governments Have Bankrolled More Than $188 Billion in Fossil Fuels Since 2018
New report updates analysis of public financing for energy projects ahead of expected joint announcement to end these flows at COP26.
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2026
Banking on Climate Chaos 2023: Fossil Fuel Finance Report
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...
COVID-19 fallout threatens “long-term survivability” of Big Oil
Big Oil faces a new reality where "everything has changed.” Even their long-term survival.
Another Year of Fracking Failure in the UK
For years, Cuadrilla has ignored climate science, ignored the geology, and ignored local people and politicians. And despite millions being spent by naïve and belligerent investors, their efforts have resulted in a fracking failure.
How Fossil Fuel Companies Profit from Genocide
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.
ExxonMobil’s climate plans are still “grossly insufficient”
Last year, we rated ExxonMobil as "grossly insufficient" on all ten of the criteria. There are tiny steps forward in the new announcement, but nothing that changes any of our ten metrics from "grossly insufficient" to "insufficient," let alone to...
API is “Compromised” Says Deepwater Report
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...
New research finds world’s biggest fossil fuel firms projected to spend almost $1 trillion dollars on new oil and gas fields by 2030
"The industry is substantially responsible for bringing us to the brink of disaster, following decades of climate denial, lobbying against action and pushing for continued government support," said Lorne Stockman.
New Zealand implements policy to live up to commitment to end international fossil fuel finance raising pressure on Australia to follow suit
Aotearoa New Zealand has released a new policy to live up to its 2021 COP26 UN climate summit commitment to end international finance for fossil fuels, including oil and gas, by the end of 2022.
G20 Recovery Packages Benefit Fossil Fuels More Than Clean Energy
Decisions taken in response to the COVID-19 crisis today will lock in the world’s development patterns for decades. With policy decisions made on a daily basis, information about how public money is being spent can be hard to follow. That...