Report: G20 Governments Bankrolling the Fossil Fuel Industry with at least $77 Billion a Year
Since the implementation of the Paris Agreement, G20 countries have provided at least USD 77 billion a year in finance for oil, gas, and coal projects.
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2026
2026
New Report: G20 governments Have Bankrolled More Than $188 Billion in Fossil Fuels Since 2018
New report updates analysis of public financing for energy projects ahead of expected joint announcement to end these flows at COP26.
Groups Call Out U.S.-EU ‘Joint Task Force for Energy Security’ for Lack of Transparency and Climate Criteria
Climate and environmental justice groups are raising concerns about a lack of transparency around the US-EU Joint Task Force for Energy Security that the Biden Administration announced on March 25.
France restricts oil and gas finance to meet climate commitments, piling pressure on Germany, USA, Canada to follow suit
France fulfils commitment made at 2021 UN Climate Conference, ending almost all government-backed financing for international fossil fuel projects.
Finland joins growing list of countries restricting international oil & gas finance, leaving Norway the only Nordic country not to do so
Finland joins growing list of countries restricting international oil & gas finance, putting pressure on Norway to follow suit
Italy breaks climate promise to end public financing for international fossil fuel projects, publishing ‘worst-in-class’ climate policy
Italy’s far right government has broken a major climate pledge to end public financing for international fossil fuel projects, instead producing the worst policy among countries that signed the 2021 commitment.
The Netherlands contradicts COP26 promise, moves ahead to support 30 year oil and gas production project in Brazil
The Netherlands just contradicted its COP26 pledge to end public finance for fossil fuels by the end of 2022 and shift this money to clean energy by issuing a commitment to insure the Brazil Santos Basin Pre-Salt Pole oil and...
Reaction: LNG export terminal fights far from over in Texas
Despite fierce local and national opposition, the Federal Energy Regulatory Commission approved new LNG projects in South Texas at a time when we so clearly must transition away from fossil fuels.
EXIM under Biden risks repeating mistakes of Obama in supporting Papua LNG
Today, 27 environmental and civil society organizations from Papua New Guinea, the Asia Pacific region and the United States submitted a letter to the U.S. Export-Import Bank (EXIM) urging it to oppose support for the Category A Papua liquefied natural gas project.
US Export-Import Bank Approves Staggering $500 million for Bahrain oil and gas drilling project
Today the board of the US Export-Import Bank (EXIM) approved $500 million to expand oil and gas production in Bahrain, despite Biden’s commitment to end international public finance for fossil fuels made in 2021.