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      Activists protest outside the Japan Embassy in Jakarta, Indonesia on August 3, 2022.

      'Completely Contradictory': OECD Slammed for Labeling Fossil-Based Technologies 'Climate-Friendly'

      "As we seek solutions to mitigate climate change, we must prioritize investments that truly prioritize sustainability and justice for all, and put energy democracy at the center of the transition," said one campaigner.

      Kenny Stancil
      Apr 04, 2023

      The Organization for Economic Cooperation and Development has agreed in principle on a new list of purportedly "green or climate-friendly" projects that are set to benefit from more favorable financial terms for export support after years of closed-door negotiations.

      But climate justice advocates on Tuesday denounced the club of high-income countries for including on the list several "fossil-based technologies" that generate planet-heating emissions and other "poorly defined" projects that could incentivize investments in fracked gas.

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      fossil fuel financing
      Protesters hold a "Stop Funding Fossil Fuels'' banner while marching

      Global Coalition Urges OECD to End 'Reprehensible' Oil and Gas Export Financing

      Such public funding, according to more than 175 civil society groups, is "helping prop up fossil fuel projects and infrastructure which would otherwise be too risky for the private sector to finance alone."

      Jake Johnson
      Feb 27, 2023

      More than 175 civil society groups spanning 45 countries urged the Organization for Economic Cooperation and Development—an alliance of mostly rich nations—to end export financing for oil and gas, warning in a joint statement Monday that failure to do so would compromise global efforts to keep "a livable future within reach."

      With OECD members set to convene next week in Paris to discuss climate finance and emissions targets, the civil society coalition implored negotiators to take concrete steps toward cutting off public oil and gas financing that flows through Export Credit Agencies (ECAs), institutions that the OECD oversees.

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      European Union foreign ministers meet in Brussels on December 12, 2022.

      EU Bows to Bottom-Feeding Tax Havens on Minimum Corporate Tax Rate: Oxfam

      The bloc "is being held hostage by a handful of European tax havens," one expert lamented.

      Kenny Stancil
      Dec 13, 2022

      After the European Union agreed in principle late Monday night to implement a 15% minimum effective corporate tax rate throughout the 27-nation bloc, economic justice advocates rebuked officials for genuflecting to low-tax E.U. member states and warned that the deal does not go far enough to prevent large enterprises from tax dodging.

      "E.U. countries disregarded the opportunity to raise the bar and set in stone a tax system that is not fit for the many crises the world is facing."

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