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
Press Releases
Oil Change International Statement in support of Palestine (May 9, 2024)
The ongoing invasion of Rafah is a devastating new climax in the genocide against the Palestinian people. There is nowhere left for the ~1.3 million Palestinians sheltering in Rafah (mostly women and children) to go, with Israel closing two key border crossings blocking people’s ability to flee and for humanitarian aid to enter.
Response to the government of Azerbaijan arresting human rights activist Anar Mammadli
In response to the government of Azerbaijan arresting Anar Mammadli’s, Romain IOUALALEN, Oil Change International Global Policy Campaign Manager, said: “In the wake of Anar Mammadli’s arrest, Azerbaijan’s repression of activists, human rights defenders, and journalists raises serious concerns as the country prepares to host COP29. We call on Azerbaijani authorities to immediately free Anar … Read More
G7 Fail First Post COP28 Fossil Fuel Test Â
“The G7 are falling far short of what’s needed to implement the COP28 agreement to phase out fossil fuels. These leaders cannot say they’re committed to a livable climate, while slow walking coal phase out, endorsing expansion of fossil gas, failing to pledge new climate finance,” said Ioualalen.
In response to President Biden’s Earth Day speech
“It is critical that President Biden continues to highlight the climate crisis in his speeches, but we cannot ignore that the United States is the world’s largest producer, expander, and exporter of oil and gas.
In response to the Scottish Government’s announcement it will scrap its commitment to reduce greenhouse gas emissions by 75% by 2030
At a time when governments must ramp up their climate efforts, the Scottish Government’s backtracking is a catastrophic betrayal. Once a UK leader on climate policy, Scotland is turning its back on scientific evidence and international obligations, to line the pockets of oil and gas executives and save face after missing eight of the last 12 annual emissions targets.
Expert Quotes on Japan’s Global Derailing of the Clean Energy Transition on Day of Japanese Prime Minister Kishida’s State Visit with U.S. President Biden
Japanese financing of LNG projects has a legacy of environmental and human harm, especially along the US Gulf Coast. Japanese private banks (MUFG, Mizuho, SMBC) are the top three financiers for LNG export terminals in the U.S., and the U.S. is the largest exporter of LNG in the world.
Media Advisory: Pikachu Protest Against Japanese LNG Expansion to Take Place During Prime Minister Kishida’s White House Visit
On April 10-11, Japanese Prime Minister Fumio Kishida will meet with U.S. President Joe Biden in Washington, DC, address Congress, and join a trilateral meeting with Philippine President Ferdinand Marcos, Jr.. This visit comes on the heels of the Biden Administration’s decision to pause pending LNG export approvals to non-free trade countries after intense pressure from frontline communities. Many don’t realize that Japan is one of the largest financiers of U.S. LNG export projects and is working to derail clean energy transitions across Asia and globally.Â
Handful of governments block clean energy transition with billions in international finance for fossil fuels
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.
CERAWeek “certified gas” event – unproven technology, opaque practices, and conflicts of interest
As CERAWeek – the fossil fuel industry’s largest annual conference of the year – kicks off today, industry insiders will be out in force to continue peddling greenwashing schemes that claim “certified” gas is “cleaner” and less harmful to the climate.