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Handful of governments block clean energy transition with billions in international finance for fossil fuels

New report shows that between 2020 and 2022, G20 governments and the multilateral development banks (MDBs) provided $142 billion in international public finance for fossil fuels, almost 1.4 times their support for clean energy in the same period. ....

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REVEALED: Taxpayer-funded fossil fuel projects from the U.S., Germany, and Italy breach international climate commitments

Rich countries have continued to approve USD 4.4 billion in international public finance despite committing to end this support by the end of 2022. Six countries including the United States, Germany, Italy and Japan have at least 26 fossil fuel projects awaiting approvals, with Germany having the biggest number of projects pending. ....

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Canada's new fossil fuel subsidy framework contradicts own international policy

Rather than match the international policy, today’s announcement leaves the door open indefinitely to domestic public finance for oil and gas, only committing to “announce by fall 2024 the implementation plan” to phase out these flows. ....

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June 2, 2023 - Oil Change International

Priceofoil.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from priceofoil.org Daily Mail and Mail on Sunday newspapers. ....

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Climate groups will hold Ajay Banga's feet to the fire - Oil Change International

In response to Ajay Banga first day as World Bank Group President, Claire O’Manique, Public Finance Analyst at Oil Change International, said: “Climate ....

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