Australia has joined a major international initiative to end international public finance for fossil fuels at an event held at the UK Government Pavilion today at COP28. Australia follows Norway, who also joined the initiative on Saturday.
Illustration by Pawel Kuczynski Many of the largest CCS projects in the world overpromise and under-deliver, operating far below capacity. An analysis by OCI of six of the leading CCS plants in the US, Australia, and the Middle East reveals...
Welcome to Finance Day. The UN Climate Talks are heating up, and not without controversy. Between COP28 President Al Jaber’s science denying statements, the US’ flawed methane plan, and more, things are off to a rocky start. Here's what the Oil...
Leaders expressed ambition to keep Paris goals within reach, highlighted opportunities to cut emissions in every sector, and emphasized the need for a “phase down of fossil fuels in support of a transition consistent with limiting warming to 1.5°C”.
Today was Finance Day at the UN climate talks in Dubai, with a mixed bag of outcomes according to Oil Change International campaigners. Multilateral development bank representatives met with the COP28 Presidency, and failed to show progress in redirecting much...
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...
Minutes ago, Norway joined a major international initiative to end international public finance for fossil fuels today at COP28, called the Clean Energy Transition Partnership.
Today, at COP28 World Leaders’ Summit, Japanese Prime Minister Fumio Kishida said that unabated coal-fired power plants should be addressed within the context of each country's own pathway to net-zero. He also highlighted Japan’s support of the "Asia Zero Emission...
Governments have spent over $20 billion – and have approved up to $200 billion more – of public money on carbon capture and storage (CCS), providing a lifeline for the fossil fuel industry. Almost 80% of operating carbon capture capacity...
Today, Japanese and South Korean leaders are expected to announce a joint supply network for hydrogen and ammonia at the Asia Pacific Economic Cooperation (APEC) meeting. The initial announcement did not restrict the supply chain to renewable energy-based green hydrogen...
