The Keystone XL pipeline, if approved, will bring millions of barrels of dirty tar sands crude oil to the US gulf coast and act as a catalyst for the expansion of this source of oil. Without KXL, the industry will...
The following article ran in the Guardian (UK) and was written by Jeremy Leggett. It is based on the publication of this report (large pdf). If eight companies across a broad spectrum of UK industry had warned, five years ago,...
Less than two weeks into the assault on Iran, Trump stated on social media that “the United States is the largest oil producer in the world, by far, so when oil prices go up, we make a lot of money.”...
This report, based on the End Oil Aid database, quantifies the magnitude of subsidies from governments going to the oil and gas industry internationally via international financial institutions, often in the name of poverty alleviation.
Market distorting subsidies to fossil fuels contribute to greenhouse gas (GHG) emissions and impede the transition to sustainable, low-carbon development. In 2009, G-20 countries committed to phase out “inefficient” fossil fuel subsidies in an effort to specifically address climate change and boost...
This report reveals the disconnect between Canada’s promises on climate change and the actions of its official export credit agency, Export Development Canada (EDC), in propping up the oil and gas industry.
Amidst a climate crisis and global pandemic, it's essential that countries develop public finance packages that phase out fossil fuel production and invest in a just, green transition toward renewable energy that benefits communities and industry workers. While the Netherlands...
Canada’s export bank, Export Development Canada (EDC), already provides on average nearly fourteen billion dollars in support to oil and gas companies each year. As a result, Canada ranks second highest among G20 countries in public finance for fossil fuels....
Between 2016, following the adoption of the Paris Climate Agreement, and June 2021, public and private financial institutions poured at least $132 billion in lending and underwriting into 964 gas, oil and coal projects in West, East, Central and Southern...
*Updated March 27, 2025* At the UN COP26 climate conference, signatories of the Clean Energy Transition Partnership (CETP) agreed to international public finance for fossil fuels. This briefing, which will be updated regularly as new policies come out and new...
