Oil Change International

WP mentions, Reports

Website, About

Oil Change International is a research, communication, and advocacy organisation focused on exposing the true costs of fossil fuels and facilitating the coming transition towards clean energy. The production and consumption of oil, gas, and coal are major sources of global warming, human rights abuses, war, national security concerns, corporate globalisation, and increased inequality.

Funding

"Oil Change International is supported by generous foundation grants and many individual donations from our more than 200,000 supporters and online activists. We are deeply grateful to all of our supporters."ref

Reports

• Jul.23.2018: Assessing International Public Finance for Energy in Africa: Where Do Development and Climate Priorities Stand? This report aims to provide a picture of the public finance flowing to energy infrastructure in Africa from fiscal years 2014 through 2016. The report covers development finance institutions including multilateral development banks, as well as the national development banks and export credit agencies of the countries providing the most public finance to energy in Africa. It assesses hundreds of transactions over this period collected in the Shift the Subsidies Database maintained by Oil Change International. ... Furthermore, a majority of bilateral public finance is supporting the commercial interests of the countries providing it. (Colour me unsurprised.) In part, this is because a significant volume of the finance comes from export credit agencies, which aim to support home-country companies to secure business overseas. For example, German conglomerate Siemens is involved in a number of the gas-fired power plants supported by German public finance in Africa between 2014-2016, including the 4,400 MW Beni Suef gas-fired power plants in Egypt and the Azura-Edo gas-fired power plant in Nigeria. This raises questions about what role international public finance should play in supporting the development of local industries and companies in Africa. Allison Lee, Alex Doukas, Oil Change International.

Articles

• Sept.14.2018: Fossil fuels dominate African energy investment. A study has found that 60% of international public finance in African energy goes to fossil fuels, compared to just 18% to cleaner alternatives. Are wealthy countries offshoring emissions? The single biggest public investor in African energy was China. Hailed as a world leader on renewable energy development, 85% of its investments in African energy went into coal, oil and gas. More than half the World Bank Group's investments over this period went to fossil fuels, compared to around $1:6 to clean energy. Still, there are signs of change. At the end of last year, the World Bank announced that after 2019 it would no longer invest in oil and gas extraction. Ruby Russell, Deutsche Welle.