A new briefing from Oil Change International, “Funding Failure: Carbon Capture and Fossil Hydrogen Subsidies Exposed,” reveals how governments in North America and Europe are preparing to waste hundreds of billions of taxpayer dollars on these ineffective technologies, further benefiting the fossil fuel industry, despite their record profits.
Author: Valentina Stackl
Funding Failure: Carbon Capture and Fossil Hydrogen Subsidies Exposed
“Funding Failure: Carbon Capture and Fossil Hydrogen Subsidies Exposed,” reveals how governments in North America and Europe are preparing to waste hundreds of billions of taxpayer dollars on these ineffective technologies, further benefiting the fossil fuel industry, despite their record profits.
New Research Updates on Companies and Countries Supplying Oil Fueling Palestinian Genocide Amid ICJ Rulings
Updated findings from Data Desk, commissioned by Oil Change International, Behind the Barrel: New Insights into the Countries and Companies Behind Israel’s Fuel Supply, reveal continued and expanded oil supply fueling Israel’s ongoing genocide of the Palestinian people. Building on data released in March, countries and companies continue to fuel Israel’s war machine, despite the International Court of Justice’s (ICJ) opinion from January, stating Israel is plausibly committing genocide and Palestinians in Gaza have plausible rights under the Genocide Convention and from July, stating the occupation of Palestinian territory is unlawful.
Standing Against Right-Wing Violence and Racism in the UK
Oil Change International condemns the right-wing violence against innocent people in the UK and refuses to remain silent. We are appalled at the brutal and mindless thuggery, racism, violence, Islamophobia, and intimidation against People of Color, immigrants, refugees, and people seeking asylum.
Delegates in Baku must prioritize phasing-out fossil fuels and deliver fair and good quality climate finance
Negotiators must be laser focused in Baku this week. They must deliver a new grant-based climate finance target in the trillions at COP29, ensuring rich countries pay up for global climate action. They must also secure national climate plans that phase out fossil fuels.
Congress Must Stop Joe Manchin’s Dirtiest Deal
Don’t be fooled: the Energy Permitting Reform Act is another dirty deal to fast-track fossil fuels above all else. It would unleash more drilling on federal lands and waters, unnecessarily rush the review of proposed oil and gas export projects, and lift the Biden administration’s pause on new LNG exports.
Response to COP28 climate fund scandal: the UAE’s Alterra Fund is deceitfully channeling money into oil and gas projects
Altérra has funneled money through secondary sub-funds managed by Blackrock into building fossil fuel pipelines and gas projects. This includes TC Pipelines, a subsidiary of the company behind Coastal Gaslink and failed Keystone XL pipeline proposals.
Azerbaijan’s COP29 Distraction: Polluters Leading Climate Funds is Greenwashing
A $1 billion voluntary climate fund that gives polluters decision-making powers is greenwashing
Japanese Support of CP2 LNG Export Terminal Fuels a Carbon Bomb
Projects like CP2 will never be built because of fierce opposition by frontline communities. But instead of taking note, Japanese financiers and companies are doubling down on support for US LNG which poses tremendous financial, social and environmental risks.
Response to FERC granting its certificate for CP2 LNG
As the world’s biggest expander of oil and gas, the U.S. has a responsibility to lead a global and just transition away from fossil fuels. President Biden has the authority he needs and more tools than he has used to end the era of fossil fuels. All he needs is the political will.