AltĂ©rra 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.Â
COP28
Oil Change International responds to IEA head singling out coal phasedown
“As the head of the IEA, Mr. Birol should know the time to focus only on coal as a climate culprit is over. We need a full, fast, fair, funded phase out of all fossil fuels. Setting such a low bar for ambition is out of touch and inequitable, keeping the door wide open for major oil and gas producers.”
Pay up and phase out: G7 countries must keep their climate promises
The COP28 agreement marked the end of the fossil fuel era. Now, will the world’s wealthiest nations step up and pay their fair share to drive this transition?
Response to the outcome of the June UN climate talks (SB 60)
The rich countries most responsible for this crisis must pay up for a fair fossil fuel phase-out and climate damages, without worsening unjust debts. We know they have more than enough money. It’s just going to the wrong things.Â
Last opportunity for G7 to deliver on fossil fuel promises before updating climate plans
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 and investing billions in more fossil fuel infrastructure abroad.Â
Walk The Talk: Time for the G7 to make the COP28 Fossil Fuel Pledge a Reality
This new 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 massively expanding fossil fuel production at home, while others are investing in more fossil fuel infrastructure abroad. Both are catastrophic failures of leadership, which the G7 has a responsibility to correct.
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.
COP28 President points again to 1.5ºC “North Star”, but UAE expansion plans still on the table
“Since COP28 in Dubai, both producers and importers of fossil fuels have a responsibility to accelerate the transition away from them. While COP28 President Al Jaber is right to point out that fossil fuel demand needs to decline rapidly, this cannot be an excuse for the massive expansion of fossil fuels planned by his own company, ADNOC, and the five rich global north countries responsible for the majority of planned oil and gas expansion to 2050, led by the United States.”
New analysis: International agreement builds momentum for shifting billions away from fossil fuels, but U.S., others lag behind
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.
Oil Change International response to IEA Ministerial communique
“Today’s commitment to make a finance roadmap to limit warming to 1.5°C and ensure a just energy transition is a welcome step, but in order to be useful, the IEA’s new research must continue with strong recommendations to immediately halt finance flowing to fossil fuels, and start recommending dramatically increased public finance on fair terms for renewable energy and energy efficiency.”