Today, UN Secretary General António Guterres acknowledged one simple truth: The fossil fuel industry is the prime culprit behind the escalating climate crisis. Despite the urgent need to cut emissions, the industry continues to rake in huge profits while our...
This briefing from Oil Change International shows that G7 countries, which have both the capacity and the responsibility to be leaders in phasing out fossil fuels, are not walking the walk – at home or abroad: some G7 countries are...
Data published today by Oil Change International shows G7 countries are continuing to overwhelmingly prop up fossil fuels at home and abroad, despite agreeing to phase them out at COP28. G7 countries are massively expanding fossil fuel production at home...
Tokyo is hosting the “Japan Energy Summit” this week, from June 3-5th. Even in the hyperbolic world of high-level meetings, this summit has lofty ambitions. It promises to accelerate “Japan’s energy transition through innovation and global connections.”
Sen. Bernie Sanders and Rep. Ilhan Omar reintroduced the End Polluter Welfare Act, the most comprehensive legislation to address the billions in special interest subsidies that disproportionately flow to the oil, gas, and coal industries.
The United States is the world’s top methane emitter from oil and gas. Despite the U.S. fossil fuel industry’s repeated claims to have the “cleanest gas in the world”, a new Oil Change International (OCI) analysis of the International Energy...
Banks financed fossil fuels by $6.9 trillion dollars since the Paris Agreement; $705 billion provided in 2023 alone; JP Morgan Chase, Mizuho, and Bank of America are worst 3 funders
The disconnect is terrifyingly stark. Last week, the Guardian newspaper reported that the “World’s top climate scientists expect global heating to blast past 1.5C target”, with the planet heading for at least 2.5C of warming “with disastrous results for humanity."
This report, “Public Enemies: Assessing MDB and G20 international finance institutions’ energy finance” looks at G20 country and MDB traceable international public finance for fossil fuels from 2020-2022 and finds they are still backing at least USD 47 billion per...
New report shows that between 2020 and 2022, G20 governments and the multilateral development banks (MDBs) provided $142 billion in international public finance for fossil fuels, almost 1.4 times their support for clean energy in the same period.
