The decision by the Trump Administration’s DOE comes amid glaring warnings about the impacts of LNG exports and widespread opposition to new LNG.
As the U.S. government arrives in Dubai for the UNFCCC COP28 climate summit, frontline communities, youth, and civil society are planning to confront the Biden-Harris administration’s oil and gas expansion and urging a rapid fossil fuel phaseout.
1. What does the legal opinion say? The legal opinion says that in the context of the climate emergency, and the rapidly diminishing carbon budget, there is an “in principle” requirement on states under international law to stop financing new...
Instead of ending oil and gas finance, the OECD has enacted new public financial incentives for the fossil fuel industry, including for hydrogen and ammonia created from fossil gas, as part of its new "climate-friendly" incentives for Export Credit Agencies...
This new coalition will coordinate actions between nations leading the charge on eliminating public finance for fossil fuels, and will build momentum to provide political guidance in future multilateral negotiations.
New analysis by Oil Change International shows that OECD countries supported fossil fuel exports by an average of $41 billion from 2018 to 2020, almost five times more than clean energy exports. This directly contradicts internationally agreed climate goals, including...
Over 300 organizations from over 40 countries across the globe released a letter today calling on the Biden Administration to abandon its support for Liquefied Natural Gas (LNG) at COP28.
Over 40 per cent of the entire US marketed gas production could be exported, if all the LNG applications go ahead.
As governments begin to unveil trillions of dollars in recovery support and stimulus, now is the time to break old habits – such as the USD 77 Billion in public money that the G20 is still spending annually to finance...
This morning in Vienna, Iran finally reached a deal on its nuclear programme with the P5+1, the five permanent members of the UN Security Council plus Germany. The deal is big news for energy markets. Iran holds 9% of the world’s oil...
