Skip to main content

Sign up for our newsletter.

Quality journalism. Progressive values. Direct to your inbox.

For Immediate Release

Press Release

G7 Leaders Fail to Raise Ambition on Necessary Climate Action

Oil Change International calls out failure to end all fossil fuel finance

Today the Group of 7 (G7) leaders released a statement at the close of their summit in Cornwall, UK. In it, they reiterate a commitment to achieving the goals of the Paris Agreement on climate change as well as previous commitments to phase out financing for coal projects around the world. However, the leaders failed to follow the advice of the International Energy Agency and call for an end to fossil fuel finance of all sorts, including oil and gas as well as coal. Last week, over 100 Economists as well as over 350 civil society organizations released a pair of letters calling on G7 nations to end all fossil fuel finance. In response to the G7 statement today, Oil Change International experts released the following statements:

Laurie van der Burg, Senior Campaigner, Oil Change International:

“The G7 has now fallen squarely behind what leading economists, energy analysts, and global civil society has shown is required: an end to public finance for all fossil fuels. Our climate cannot afford further delay, and the failure of the G7 to heed these demands means more people impacted by the ravages of our climate chaos.

“Between 2017 and 2019, G7 nations spent USD 86 billion in public finance for fossil fuels. Every single cent of that makes it harder to reach our climate goals. That’s why more than one hundred economists as well as hundreds of civil society organizations from around the globe called on these leaders to end this public support for dirty fuels and shift this money to real solutions. Unfortunately those calls were not met with action, and our climate and communities—particularly the most vulnerable in the Global South—will feel the consequences.”

Susanne Wong, Senior Campaigner, Oil Change International:

“Japan’s addiction to fossil fuels is undermining critical action to address the climate crisis. Japan blocked efforts at the G7 to commit to a timeline to phase out domestic coal and watered down language to phase out overseas finance for all fossil fuels. We need Prime Minister Suga to demonstrate climate leadership and support strong action to address the biggest crisis facing humanity and our planet.”

David Turnbull, Strategic Communications Director, Oil Change International:

“President Biden’s first trip abroad unfortunately can be chalked up as a missed opportunity. Despite strong statements about ending U.S. international support for all fossil fuels in the first few months of his administration, President Biden has yet to turn those statements into true action. The G7 was a key moment to show that the U.S. can be a leader in moving the world forward on bold climate action, and unfortunately that leadership has not yet revealed itself.”


Oil Change International is a research, communications, and advocacy organization focused on exposing the true costs of fossil fuels and facilitating the ongoing transition to clean energy.

'I'm Back': Fetterman Returns to Campaign Trail Following May Stroke

"I'm not only grateful to be alive, but also for the campaign we're building together," said the Democratic nominee for Pennsylvania's open U.S. Senate seat.

Kenny Stancil ·

Because Climate Science 'Does Not Grade on a Curve,' Experts Says IRA Not Enough

"There is an urgent need for much more aggressive and far-reaching measures to prevent climate chaos," said the head of one progressive consumer advocacy group.

Brett Wilkins ·

'Game-Changer and Reason for Hope': House Passes Inflation Reduction Act

"We've got more to do," Rep. Pramila Jayapal said on the House floor. "But today, let's celebrate this massive investment for the people."

Jake Johnson ·

'This Is Insane': Search Warrant Indicates FBI Investigating Trump for Espionage Act Violation

"If you're not fed up," said watchdog group Public Citizen, "you're not paying enough attention."

Jessica Corbett ·

Anti-War Veterans Group Asks Biden to 'Read Our Nuclear Posture Review Before Releasing Yours'

"Are you willing to risk a civilization-ending apocalypse by playing nuclear chicken with other nuclear-armed nations? Or will you lead us toward a planet that is free of nuclear weapons?"

Jessica Corbett ·

Common Dreams Logo