This 10th annual “Banking on Climate Change” fossil fuel finance report card reveals that overall bank financing continues to be aligned with climate disaster, and that financing for fossil fuels has increased every year since the Paris Agreement was signed.
Oil
Report Finds Global Banks Poured $1.9 Trillion into Fossil Fuels since Paris Agreement
A report released today endorsed by over 160 organizations around the world reveals that 33 global banks have provided $1.9 trillion to fossil fuel companies since the adoption of the Paris climate accord.
Norway set to divest $1 trillion wealth fund from oil and gas exploration companies
Today, Norway announced plans to divest from roughly 150 companies engaged in oil and gas exploration and production. Our response.
The U.S. Oil and Gas Industry Is Drilling Us Towards Climate Disaster
A new study released today by Oil Change International and 17 partner organizations makes it clear that managing a rapid and equitable decline of U.S. fossil fuel production must be a core component of any comprehensive climate policy.
Report: U.S. Oil and Gas Expansion Threatens to Unleash Climate Pollution Equivalent to nearly 1,000 Coal Plants
The U.S. oil and gas industry has the potential to unleash the largest burst of new carbon emissions in the world through 2050, new research released today has found.
Drilling Towards Disaster: Why U.S. Oil and Gas Expansion Is Incompatible with Climate Limits
At precisely the time in which the world must begin rapidly decarbonizing to avoid runaway climate disaster, the United States is moving further and faster than any other country to expand oil and gas extraction.
Lessons Learned? Tar Sands Producers Move to Cut Production
A remarkable thing just happened in Canada’s oil patch. Tar sands producers have actually started to cut oil production in the face of growing pipeline constraints.
GCAS wrap-up: Sparking a new conversation around “climate leadership”
A new definition of climate leadership has emerged, and the public outcry is deafening, even if thus far world leaders represented at GCAS seemed to strain to avoid hearing it.
Oil Change International Responds to EBRD Release of Draft Energy Sector Strategy
Yesterday, the European Bank for Reconstruction and Development (EBRD) released a revised draft of its energy sector strategy. The draft of the new strategy is due to be finalized by the end of 2018, and will have bearing on billions of dollars in public finance for energy.
Letter: 65 Groups from 28 Countries Tell EBRD and EIB to Stop Financing Fossil Fuels
As EBRD and EIB prepare for their respective energy sector strategy reviews, 65 civil society groups from 28 countries released an open letter being sent to top EBRD and EIB officials demanding that they stop financing oil, gas, and coal projects.