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Oil Change 07/27/2020 11:16
FOR IMMEDIATE RELEASE July 27, 2020 Contact: Laurie van der Burg, +31 6 39 02 09 14, laurie@priceofoil.org Alex Doukas, +1 202 817-0357, alex@priceofoil.org Oil Change International: Long overdue end to the UK’s overseas finance for fossil fuels should not leave any loopholes London, 27 July 2020 – Today The Times reported that Prime Minister [...]. .
Oil Change 07/22/2020 07:00
Canada’s export bank, Export Development Canada (EDC), already provides on average nearly fourteen billion dollars in support to oil and gas companies each year. As a result, Canada ranks second highest among G20 countries in public finance for fossil fuels. Now the federal government is using EDC to channel even more support to the oil and gas sector, which has been intensely lobbying the government for a bailout package of up to $30 billion. .
Oil Change 07/21/2020 01:00
Communities in Africa have generally contributed the least to climate change, been undermined the most by international trade and finance policies, and have a right to better international support for distributed renewable energy. In order to reach universal energy access before the 2030 target set by the UN Sustainable Development Goals, international public finance institutions have an urgent responsibility to provide more funding and better financial transparency and tracking for distributed renewable energy. Additionally, they have a responsibility to foster local participation in and ownership of distributed renewable energy initiatives. This briefing provides recommendations for how international public finance institutions can fulfil.
Oil Change 07/21/2020 01:00
A new briefing released by Oil Change International details how the growth of distributed renewable energy in Africa has so far failed to include locally-owned companies and initiatives. The sector has been growing rapidly since 2013 — especially for companies focused on “pay-as-you-go” solar home systems — but finance has overwhelmingly only been accessible for multinational companies that are based in Europe or North America or led by entrepreneurs from these regions, meaning profits are largely not remaining in Africa. .

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