Over the past decade, nearly 90% of the U.S. Export-Import Bank's total finance for energy projects has flowed to projects in oil, gas, and coal. As momentum grows for climate solutions in the U.S. and abroad, there is an urgent...
Credendo's new policy is meant to implement the Glasgow commitment to end international public finance for fossil fuels by the end of 2022, but it leaves loopholes for existing oil and gas fields and gas-fired power.
Rather than match the international policy, today’s announcement leaves the door open indefinitely to domestic public finance for oil and gas, only committing to “announce by fall 2024 the implementation plan” to phase out these flows.
U.S. single biggest violator of CETP pledge, approving the most fossil fuel projects of any signatory for a total of almost USD $2.3 billion.
In a landmark decision, the Federal Court of Australia ruled that Santos Ltd, one of the world’s top 20 largest oil and gas companies, would not be allowed to drill in the Barossa gas fields off the coast of northern...
The next six months offer a crucial window to phase out dirty energy subsidies as the world moves towards an agreement at the UN climate talks in Paris this December. Outcomes of three meetings in June – the G7 Leaders’...
Norway, a major oil & gas-producing nation, fulfills Clean Energy Transition Partnership (CETP) pledge made a year ago at COP28 climate summit in Dubai Norwegian government institutions can no longer use government-backed finance to fund fossil fuel projects abroad Norway’s...
The United Kingdom’s prime minister, Boris Johnson, will commit to end the UK’s overseas fossil fuel financing “as soon as possible” at the Climate Ambition Summit. The phase-out of oil, gas, and coal financing applies to aid funding, trade promotion...
A global coalition of civil society groups organized a demonstration at the COP28 climate negotiations in UAE on “Finance Day” to demand that the Japanese government stop financing new fossil fuel projects and shift support to renewable energy. The action...
On September 25, the U.S. and China released a joint presidential statement on climate change. While most people focused on China’s new cap-and-trade regime, there was a buried headline that may have even bigger implications for climate and for the...
