U.S. single biggest violator of CETP pledge, approving the most fossil fuel projects of any signatory for a total of almost USD $2.3 billion.
In a landmark decision, the Federal Court of Australia ruled that Santos Ltd, one of the world’s top 20 largest oil and gas companies, would not be allowed to drill in the Barossa gas fields off the coast of northern...
The next six months offer a crucial window to phase out dirty energy subsidies as the world moves towards an agreement at the UN climate talks in Paris this December. Outcomes of three meetings in June – the G7 Leaders’...
Norway, a major oil & gas-producing nation, fulfills Clean Energy Transition Partnership (CETP) pledge made a year ago at COP28 climate summit in Dubai Norwegian government institutions can no longer use government-backed finance to fund fossil fuel projects abroad Norway’s...
The United Kingdom’s prime minister, Boris Johnson, will commit to end the UK’s overseas fossil fuel financing “as soon as possible” at the Climate Ambition Summit. The phase-out of oil, gas, and coal financing applies to aid funding, trade promotion...
The report additionally reveals that burning the oil and gas projected to be produced in the Permian Basin by 2050 will release nearly 40 billion tons of CO2, almost 10% of the remaining global carbon budget for staying under 1.5°C....
A global coalition of civil society groups organized a demonstration at the COP28 climate negotiations in UAE on “Finance Day” to demand that the Japanese government stop financing new fossil fuel projects and shift support to renewable energy. The action...
On September 25, the U.S. and China released a joint presidential statement on climate change. While most people focused on China’s new cap-and-trade regime, there was a buried headline that may have even bigger implications for climate and for the...
The world's largest gas exporters have ruled out launching an Opec-style cartel that would control 70 per cent of the world market. Instead they promised “collaborated efforts” on issues such as pricing. Energy ministers from the 13 largest gas exporters...
"No matter how much the United States invests in renewable energy, any additional export infrastructure will undermine domestic and international efforts to prevent climate catastrophe. President Biden must follow through on his commitment to lead on climate and stop further...
