Rather than match the international policy, today’s announcement leaves the door open indefinitely to domestic public finance for oil and gas, only committing to “announce by fall 2024 the implementation plan” to phase out these flows.
End Fossil Fuel Subsidies
UK “bins” flagship climate pledge during the hottest week on record
Timing, they say, is everything. Earlier this week, it was revealed that UK Government is drawing up plans to scrap its flagship EUR 11.6 billion climate pledge. At the same time, firstly last Monday, then last Tuesday and now the whole week has been recorded as the hottest on record. The UN now says “climate change is out of control.”
Civil Society calls on COP leaders to include unequivical fossil fuel phase-out in final declaration
We are in the business end of the COP27 negotiations, as delegates haggle over the final declaration. As I write the news from Sharm el-Sheikh regarding the all important text is deeply concerning and comprehensively flawed.
UK windfall tax incentivizes oil drilling: a climate “wrecking ball”
The UK Government’s windfall tax on oil companies, announced yesterday, will actually incentivise oil and gas drilling and “wreck” the UK’s climate targets.
Over 500 Groups Call on Congress to End Fossil Fuel Subsidies with Letter, Rally, Petitions in Week of Action
Over 500 organizations, including a wide range of health, faith, environmental, and other groups across the United States released a letter today calling on Congressional leadership to eliminate the fossil fuel subsidies embedded in the U.S. tax code.
Letter: 500+ Groups Urge U.S. Congress to End Fossil Fuel Subsidies
Over 500 groups released an open letter being sent to U.S. House Speaker Nancy Pelosi and Senate Majority Leader Chuck Schumer, urging them to end fossil fuel subsidies.