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2026

2026

U.S. Export-Import Bank Rejects Dirty Coal Plant

Today, in the first major test of President Obama’s Climate Action Plan directive to end financing for overseas coal projects, the U.S. Export Import rejected the financing of U.S. exports to the 1200-megawatt Thai Binh Two coal-fired power plant in...

The Iraqi Oil Windfall

New data on Iraq oil revenues suggests that country's government will reap an even larger than expected windfall this year — as much as $70 billion — according to the special U.S. auditor for Iraq. New figures from Iraq's government...

EP Passes End Oil Aid Resolution

There has been a great victory for the global End Oil Aid Coalition. With a resounding majority (540 MEPs in favour), the European Parliament yesterday passed a resolution on trade and climate change which calls for “the discontinuation of public...

$100 A Barrel “Next Year”

As oil prices hit another record, breaching the $81 a barrel mark for the first time, there is yet another warning that the oil price is likely to hit US$100 a barrel by the end of next year. This is...

Iraqi Union Set to Strike over Oil Law

UPDATE 5/14 - the strike deadline has now been moved until Thursday May 17th. Take Action to Urge the US Congress to drop the Iraqi Oil Law "Benchmark" Oil Strike Postponed for Negotiations with Prime Minister Monday May 14th -...