Today, the Beyond Oil and Gas Alliance, a diplomatic initiative of countries and subnational actors that have committed to phasing out oil and gas production in line with the objectives of the Paris Agreement, announced new supporters and an initial...
A UK Government event at COP27 in Egypt has marked the first anniversary of a groundbreaking international initiative to phase out international public finance for fossil fuels, one of the most concrete outcomes of last year’s UN climate summit in...
Today in a huge win for climate, environment, and people, Equinor ASA announced that they are postponing the investment decision on the Wisting oil field in Norway.
Declaring a climate emergency and stopping new fossil fuel projects should be at the top of Biden’s agenda — the future of the planet and U.S. democracy is at stake. The last thing Congress should do is pass Big Oil's...
A global coalition of civil society groups organized a demonstration at the COP27 climate negotiations in Egypt on “Finance Day” to demand wealthy governments - particularly Japan as the world's largest financier of fossil fuels - stop financing new fossil...
FOR IMMEDIATE RELEASE November 8, 2022 Contacts: Makiko Arima — [email protected] (AEST) Susanne Wong — [email protected] (CEST) New briefing: Japan is the world’s largest provider of public finance for fossil fuels, spending 10.6 billion USD a year Briefing highlights that Japan’s support...
"Make no mistake — the fossil gas agenda is a neocolonial agenda and patriarchal one. Fossil gas will not provide ‘energy security’ in Africa or anywhere else." –Lorraine Chiponda
Rather than building momentum towards COP27 through delivering strong policies and a harmonized approach to implementing the collective promise to end international public finance for fossil fuels by the end of 2022, the Summit was overshadowed by backsliding.
A week before the international climate summit in Egypt, the Dutch Government breaks a major climate promise it made last year to end public financing for international fossil fuel projects.
This report looks at G20 country and MDB traceable international public finance for fossil fuels from 2019-2021 and finds they are still backing at least USD 55 billion per year in oil, gas, and coal projects. This is a 35%...
