Korean translation: This analysis shows that since the Paris Agreement was made, G20 countries have acted directly counter to it by providing at least USD 77 billion a year in finance for oil, gas, and coal projects through their international public finance institutions.
Japanese translation: This analysis shows that since the Paris Agreement was made, G20 countries have acted directly counter to it by providing at least USD 77 billion a year in finance for oil, gas, and coal projects through their international public finance institutions.
As the US continues to lead the world in COVID-19 infections and deaths, Big Oil is looking to cash in on the policy response to the crisis. While frontline workers make due without hazard pay or protective gear, the domestic oil and gas industry is using its considerable lobbying muscle to secure a massive windfall at the expense of workers, taxpayers and the climate. Big Oil is not letting the coronavirus go to waste.
Shareholders should encourage Duke Energy and Dominion Energy executives to re-evaluate the prudence of pouring billions of dollars more into the Atlantic Coast Pipeline (ACP). Current events demonstrate that it is time to change course.
Corporate polluters are asking for “royalty relief,” essentially a bailout that would lower or eliminate payments to taxpayers.
The financial instability of the fracking industry existed long before the coronavirus. At a time of unprecedented emergency, polluters are now poised to benefit from bailout funding in the Coronavirus Aid, Relief, and Economic Security (CARES) Act
Appropriately addressing climate change represents ground zero for any development institution to be effective today and in the future. To be the best institution that it can be, the DFC must comprehensively integrate the climate emergency into its core functioning.
The Export Credit Agencies (ECAs) of G20 countries continue to be a significant source of support for fossil fuel projects around the world.
This framework should really be called the Dirty Future Act. In every way possible, Pallone’s proposal fails to address the climate crisis, which is extremely disappointing considering the congressman considers himself to be an environmental leader.