A new report released today by Oil Change International outlines billions of dollars of annual subsidies from the seven richest countries in the world to expand fossil fuel reserves, despite repeated commitments from those same countries to phase them out.
subsidies
Not at Home on the Range: Subsidized Fracking Hits Colorado
Subsidy Spotlight: The fracking boom has had devastating health and environmental impacts in Colorado – and it likely wouldn’t have been possible without government subsidies.
Report: Fossil Fuel Production Subsidies Exceed $21 Billion Annually in United States
A new report released today by Oil Change International exposes over $21 billion in fossil fuel production subsidies annually in the U.S. at the federal and state levels.
Blistering TV ad targeting Exxon and $20 billion in subsidies released today
A trio of progressive organizations have released a hard-hitting satirical ad, entitled “Exxon Hates America,” and are crowdfunding it to show on screens across America over the July 4th weekend.
New report exposes billions per year in new fossil fuel subsidies
Today we’re releasing a new report with Earth Track that exposes some $4 billion per year in new fossil fuel subsidies which have gone unaccounted for in previous estimates.
New report exposes billions per year in additional fossil fuel subsidies
A new report released today exposes a largely unaccounted for subsidy to the fossil fuel industry, valued at roughly $4 billion per year and growing.
Reaction from Oil Change International to Climate Speech
Oil Change International applauds President Obama today for his show of leadership on climate change. By recognizing that “we can’t just drill our way out of the energy and climate challenge that we face” the President has firmly put our nation’s commitment to our future and our children above the profits of the fossil fuel industry.
Arkansas: Exxon’s latest spill and spin zone
Arkansas has become the latest scene of an Exxon oil spill, and the subsequent spin attempts to side-step blame. The truth tells a different story.
59 Groups Pressure World Bank to Clean Up Energy Lending
Development, faith, human rights, community, and environmental groups from more than 20 countries teamed up today to ask World Bank President Jim Kim to end Bank support for all fossil fuel projects unless the projects are solely focused on directly increasing energy access for the poor.
New Analysis: Fossil fuel subsidies five times greater than climate finance
Here in Doha for the UN climate negotiations, we’ve just released new analysis that shows that fossil fuel subsidies in rich countries are, on average, five times greater than those same countries’ pledges towards climate finance.