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The Latest Breaking News from Oil Change International

Fossil-fuel firms receive US subsidies worth $31bn each year, study finds

Figure calculated by Oil Change International has more than doubled since 2017 but is likely a vast understatement

The Guardian - US

Banks significantly increased fossil fuel financing in 2024, analysis finds

The annual Banking on Climate Chaos report found a shift in direction after fossil fuel financing had been decreasing over the previous four years.

Evening Standard

Bank unveils green loans plan to unlock trillions for climate finance

IADB’s proposals involve lenders using public money to buy up renewable energy loans in poor countries

The Guardian - UK

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UK windfall tax can fund switch to green jobs for North Sea oil workers – report

Exclusive: Campaigners call for energy profits levy to be made permanent to enable ‘just transition’ from fossil fuels

The Guardian - UK

US energy industry’s climate retreat is putting profits over people, advocates say

Oil giants retreat on climate pledges, embrace Trump-era fossil fuel policies at CERAWeek in Texas

The Guardian - US

Calls for transparency over true climate impact of new Scottish power station

THIRTY environmental organisations are calling for transparency regarding the true climate impact of the new Peterhead gas power station, as the…

The National (Scotland)

Environmental groups call for transparency on Scottish plant amid data concerns

Thirty Environmental organisations are calling for transparency regarding the true climate impact of the new Peterhead gas power station, as the…

The National (Scotland)

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Rich countries could raise $5tn of climate finance a year, study says

Simple measures could raise five times more money than poorer countries are asking for, research claims

The Guardian - UK

Big oil faces a rising number of climate-focused lawsuits, report finds

Communities, states and advocacy groups push to hold fossil fuel companies accountable for role in climate crisis

The Guardian - US

Environmental activists urge Kamala Harris to go big on climate: ‘She’s got to seize the moment’

With the largest US fossil fuel lobby group at the Democratic convention, some urge VP to prioritize crisis in her speech

The Guardian - US

Top oil firms’ climate pledges failing on almost every metric, report finds

Oil Change International says plans do not stand up to scrutiny and describes US fossil-fuel corporations as ‘the worst of the worst’

The Guardian - US

Revealed: How the global oil industry is fueling Israel’s war on Gaza

Analysis shows how jets and tanks are being kept fueled despite interim ICJ ruling warning Israel to prevent genocidal acts

The Guardian - US

No big North Sea fossil fuel country has plan to stop drilling in time for 1.5C goal

UK, Germany, Netherlands, Norway and Denmark have failed to align oil and gas policies with Paris pledges, say campaigners

The Guardian - UK

John Kerry doesn’t get it: the US can’t be a force for good on the climate until it stops fossil fuel expansion

Letters: Allie Rosenbluth of Oil Change International disputes a claim made by the special presidential envoy in a Guardian interview

The Guardian - UK

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France 24

'Pushes us closer to the abyss': Former Azerbaijani oil executive to head COP29

Azerbaijan's ecology minister and former oil executive Mukhtar Babayev was on Friday appointed to lead the United Nations' annual climate talks in a move that has sparked concern among NGOs and environmentalists who voiced similar worries over last year’s COP28 chair Sultan Al Jaber, chief of the United Arab Emirates’…

The National (Scotland)

Rosebank faces legal battle as UK Government hands oil giant 'massive tax break'

A PROMISE of legal action has greeted the UK Government giving the green light to the Rosebank oil field in the North Sea ...

The Guardian - UK

US behind more than a third of global oil and gas expansion plans, report finds

Study highlights conflict between Washington’s claims of climate leadership and its fossil fuel growth plans

Newsroom.co.nz

Rod Oram: Climate summit clogged by indecision

Political leaders at the global climate summit are handed an over-long list of unsolved issues to sort this week - and NZ wins Fossil of the Day award

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