First Tar Sands Tanker to Arrive in EU Next Week
You will not have heard of the Aleksey Kosygin, but next week this obscure sounding tanker is set to make history as it becomes the first major shipment of Canadian tar sands to arrive in Europe.
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2026
2026
Civil Society Joint Position: Oil and Gas Restrictions under the OECD Arrangement on Officially Supported Export Credits
This joint position launched by 175 civil society organisations from 45 countries calls on world leaders to end OECD export finance for oil and gas, and explains how it can be done.
Response: Export Development Canada changes in the Emergency Response Act could amount to a giant oil bailout
The new measures allow for an unlimited amount of public finance to flow to Canada's oil and gas sector at the sole discretion of the Minister of Finance.
South Korea and Turkey block landmark OECD deal to end fossil fuel subsidies
OECD members have failed to pass a landmark deal to end over $40 billion in public subsidies to fossil fuels.
Adding Fuel to the Fire: Export Credit Agencies and Fossil Fuel Finance
This report from Oil Change International and Friends of the Earth U.S. shows that since the Paris Agreement was made, G20 countries have used their export credit agencies to provide nearly 12 times more finance to fossil fuels than to...
Biden’s Fossil Fuel Fail: How U.S. Oil & Gas Supply Rises under the Inflation Reduction Act
A new report analyzes how the Inflation Reduction Act fails to reduce fossil fuel production or alleviate impact on environmental justice communities, and that current policies will instead lead to a deadly increase in oil and gas production and exports.
Sweden restricts international oil and gas finance to deliver on climate commitment
As the deadline for implementing the Glasgow Statement looms, the Swedish export credit agencies, SEK and EKN, have released an updated policy. A previously-released policy aligned Swedfund - the Swedish development finance institution - with the Glasgow Statement. SEK and...
Export Development Canada’s new climate targets miss the mark
Export Development Canada (EDC), Canada’s government-backed export credit agency, has long been one of the worst in the world when it comes to backing the fossil fuel industry with public money. Their new climate policy opens the door for meaningful...
Changing the Trade Winds: Aligning OECD Export Finance for energy with climate goals
Research shows that Organisation for Economic Co-operation and Development (OECD) countries supported fossil fuel exports by an average of USD 41 billion from 2018-2020, almost five times more than clean energy exports ($8.5 billion).
In response to NYT reporting President Biden’s intent to pause CP2 LNG terminal
If the Biden administration sees the writing on the wall, stopping LNG exports is a make-or-break issue for his climate record this election.