Posted inWorld

CSOs condemn G7 leaders for dangerous backsliding on gas, breaching commitments to end fossil fuel finance

HIROSHIMA, JAPAN, May 22, 2023 — G7 Leaders in Hiroshima concluded that there is “an important role” for “increased deliveries of LNG” and that “publicly supported gas investments can be appropriate”, jeopardizing the 1.5ºC warming limit and directly contradicting last year’s G7 commitment to end international public finance for fossil fuels by the end of 2022.  The […]

Posted inUS

Report: Commitment to end international finance for fossil fuels is shifting billions, but key countries breaking promises missing in action

March 15,  2023 – Promise Breakers, a report released today by Oil Change International, reveals that the Glasgow Statement, a joint commitment forged at the 2021 UN climate summit (COP26), is already shifting an estimated USD 5.7 billion per year out of fossil fuels and into clean energy, with the potential of a further 13.7 billion per year […]

Posted inWorld

122 CSOs warn signatory countries they have only 6 months left to meet COP26 commitment to end international public finance for all fossil fuels

122 civil society organizations are releasing letters to eleven government signatories to the Glasgow Statement on International Public Support for the Clean Energy Transition, laying out the actions they must take as soon as possible to meet their commitment. In this joint statement at COP26, 35 countries and 5 public finance institutions committed to end […]

Posted inUS

Obscene high Q1 profits from Exxon, Chevron underscore need for Congressional action on a windfall profits tax

WASHINGTON, DC, April 29, 2022 — Today, U.S. oil majors ExxonMobil and Chevron announced Q1 2022 financials, revealing staggeringly high profits for both companies at a time when fuel prices are hurting working families at the pump.  Exxon reported over $5 billion in profits despite an impairment of over $3 billion following its belated exit from […]

Posted inUS

New Report: Permian fracking boom will bust the climate and intensify environmental injustice

El Paso, TX, October 19, 2021 — Oil Change International, Earthworks, and the Center for International Environmental Law are releasing a new multi-media report series entitled The Permian Basin Climate Bomb. The six-part series analyzes the climate, public health, economic, and social impacts of the Permian fracking boom. It follows the flow of Permian hydrocarbons […]

Posted inUS

Nearly 450 Organizations Call on Biden Administration to End Public Finance for Fossil Fuels

WASHINGTON, DC. March 18, 2021 — In a letter released today, nearly 450 organizations called on the Biden Administration to immediately end all U.S. public financing for fossil fuels, including natural gas. Signatories to the letter span six continents and include major U.S. civil society organizations, international groups, and organizations in the Global South concerned about the impacts of […]

Posted inEnviro

Fracking Fiasco: The Banks That Fueled the U.S. Shale Bust

SAN FRANCISCO, September 24, 2020 — A new report by Oil Change International and Rainforest Action Network (RAN) shows how major banks have continued pouring money into fracking companies in recent years despite numerous warnings that the sector was financially unsustainable — on top of the well-documented environmental, health and climate impacts of the industry. Our research reveals […]

Posted inEnviro

Big Oil Reality Check: New paper finds ‘failure across the board’ in oil industry climate plans

September 23, 2020 – A new comprehensive analysis released today shows that not a single climate plan released by a major oil company comes close to aligning with the urgent 1.5ºC global warming limit. The discussion paper measures oil and gas company climate plans against ten minimum criteria for 1.5ºC alignment, underlining that commitments to stop expanding […]

Posted inUS

Oil Change International Response to Atlantic Coast Pipeline Cancellation

July 6, 2020 – Yesterday, Duke Energy and Dominion Energy announced the cancellation of the long-delayed Atlantic Coast Pipeline (ACP) fracked gas project. In response, Lorne Stockman, Senior Research Analyst at Oil Change International, released the following statement: “After six years of pushing a poorly conceived and unjust gas pipeline project on the people of West Virginia, […]

Posted inWorld

Oil Change International responds to Canada’s deal to purchase Kinder Morgan assets

May 29, 2018 – Today, Canada’s government announced that it will pay $4.5 billion to Kinder Morgan to buy both the 65-year-old Trans Mountain pipeline and the controversial Trans Mountain Expansion Project. The government also announced that it will assume liability for construction costs of the project, which could cost Canadian taxpayers billions more. In […]

Posted inEnviro

US Bank Raises $2 Billion in Oil and Gas Pipeline Finance Since Pledge to Stop Pipeline Financing

April 12, 2018 – Since revising its environmental policy last year, US Bank financed more than $2 billion to companies building oil and gas pipelines, including an estimated $480 million to Energy Transfer Partners, new analysis released today by Oil Change International concludes. US Bank CEO Andrew Cecere won praise from indigenous rights and climate […]

Posted inWorld

Report: International Energy Agency (IEA) is holding governments back on climate policy

LONDON, April 5, 2018 – Through its energy forecasts, the International Energy Agency (IEA) has been guiding governments towards energy decisions that are inconsistent with the goals of the Paris Climate Agreement, new research has found. The IEA’s “New Policy Scenario (NPS)” is commonly used as a roadmap for energy policies and investments, and sees […]

Posted inOp-Ed

Janet Redman: Trump Budget, Infrastructure Proposals Signal All-out Assault on Public Health, Environment

Feb. 12, 2018 – Today, the Trump administration unveiled both an infrastructure plan and a budget proposal for fiscal year 2019 that pave the way for an expansion of the fossil fuel industry. In response, Janet Redman, U.S. Policy Director at Oil Change International, released the following statement: Trump’s infrastructure scam is all about greasing […]

Posted inOp-Ed

Janet Redman: Industry-friendly FERC rightly rejects Perry’s coal and nukes bailout

Jan. 8, 2018 – Today, the Federal Energy Regulatory Commission (FERC) rejected former Dancing with the Stars contestant and current Energy Secretary Rick Perry’s Notice of Proposed Rulemaking that would have given a massive bailout to the coal and nuclear industries in the name of so-called grid resilience. In response, Janet Redman, U.S. Policy Director […]

Posted inOp-Ed

Andy Rowell: Trump’s Response to Climate-Related Disasters: Open America’s “Crown Jewels” to Oil Drilling

Sept. 20, 2017 – You would have thought that after being battered by two devastating hurricanes in recent weeks, which experts believe were fuelled by warmer seas caused by climate change, even the most die-hard climate denier would think again. But you would be wrong. You would have thought that as the cost of rebuilding […]

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