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    organization for economic cooperation and development

    End the Era of Fossil Fuels banner

    Climate Groups Back Efforts to End Tens of Billions in Foreign Fossil Fuel Subsidies

    "This is the moment where OECD countries can turn their words into action," said an Oil Change International strategist. "All eyes are on them, the world is watching. Immediate action is necessary."

    Jessica Corbett
    Oct 30, 2023

    Over 250 climate groups from 30 countries published an open letter on Monday urging governments that endorsed a global pledge at the United Nations summit in Scotland two years ago to support new efforts to cut off subsidies for foreign fossil fuel projects.

    The coalition letter came a day after the Financial Timesreported that the European Union and United Kingdom—which left the E.U. in 2020—have proposals to end subsidies for foreign gas, oil, and coal projects that they plan to discuss at a closed-door Organization for Economic Cooperation and Development (OECD) meeting in France next month.

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    fossil fuels
    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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