This increases the number of signatories to 29 and the annual average of potential public finance shifted out of fossil fuels and into clean energy to at least USD 21.7 billion per year.
With launch of 'Beyond Oil & Gas Alliance', countries and regions forge first diplomatic initiative to phase out fossil fuel extraction. Civil society applauds the creation of BOGA and asks countries: Where is your plan to stop producing the fossil...
"Any credible analysis of alternatives and alignment with the Paris Agreement would prevent new fossil fuel projects from being financed," said Tucker.
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...
Over 200 progressive groups sent a letter to the White House urging President Biden to resist Big Oil and invoke the Defense Production Act in order to ramp up the deployment of renewable energy to transition the world off the...
"True energy security means affordable, reliable, and fossil-free energy for all communities," said Rees. "Congress should reject Big Oil and Gas’s cynical attempts to profit from human suffering and pass this bill immediately."
A new report released today by the Tyndall Centre for Climate Change Research in the UK concludes that wealthy, economically diversified countries, which currently account for more than a third of global oil and gas production, need to phase out...
Just eight of the world's biggest energy companies helped enrich Vladimir Putin’s war chest to the tune of $95.4 billion (USD) in the seven years after Russia annexed Crimea.
10,000+ transactions since 2013 show G20 governments and multilateral development banks continue to finance more oil, gas, and coal than clean energy.
Today G7 climate, energy and environment ministers issued a communique committing to end public finance for fossil fuels by the end of this year.
