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.
Hydrogen
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.
Leaflet Series: Japan’s Dangerous Distractions
Japan is promoting a dirty energy strategy across Asia that prioritizes fossil fuel production, putting corporate profits ahead of the people and the planet. This series of leaflets provides a wider audience with easy-to-understand information about Japan and its dangerous distractions.Â
OECD allows support for fossil-based technologies under agreed âclimate incentivesâ
Instead of ending oil and gas finance, the OECD has enacted new public financial incentives for the fossil fuel industry, including for hydrogen and ammonia created from fossil gas, as part of its new “climate-friendly” incentives for Export Credit Agencies (ECAs).
G7 meeting: 50 actions around the world call on world leaders to stop peddling fossil fuels and false solutions
Hundreds of civil society organisations from dozens of countries have taken to the streets around the world to demand that the G7 stop peddling fossil fuels to developing countries and stop promoting false solutions to the climate crisis.
Response: New U.S. power plant regulations fail to address massive planned fossil fuel expansion
âUntil Biden reins in Big Oilâs deadly expansion that’s locking in decades of global fossil fuel pollution, his legacy will remain one of failing to confront reckless U.S. oil and gas production that’s killing the planet,” said Collin Rees.
COP28 President pushes false fossil fuel solutions, such as CCS, at CERAWeek
For anyone in the oil and gas industry, there is only one place to be this week. The great and good of the industry has converged on Houston for CERAWeek, which bills itself as the worldâs premier energy event.
Civil society condemns Japanese Government’s âGX Strategyâ for being âsoaked in fossil fuelsâ
To coincide with the “GX Week” in Japan, a network of civil society groups from across the region and Global South have come together to call for Japan to stop financing false solutions and delaying the just transition to clean energy.
Net Zero Producers Forum: A catalyst for climate ambition or yet another delaying tactic?
The creation of the NZPF is a tacit recognition by major oil and gas producers that their contribution to the climate crisis can no longer be ignored. But the framing of the initiative and its main objectives raise the prospect of the NZPF being a greenwashing tool in service to the oil and gas industryâs interests.
The IEAâs Misplaced Techno-optimism
The third and final installment in a series of blogs on the IEA’s Special Report on gas and energy transitions. This blog discusses the IEA’s analysis of methane leakage and its faith in carbon capture and storage.