(Price of Oil, Washington, November 2022) This document signed by 54 international civil society organizations outlines how the OECD Arrangement on Officially Supported Export Credits can align with the Paris Agreement warming target of 1.5°C by placing restrictions on export support for oil and gas projects and associated infrastructure. These restrictions build on the existing prohibition on coal-fired power, which came into effect 1 January 2022 and was preceded by the coal-fired power sector understanding (CFSU).
Date
29 November 2022
Related issues
Coal
OECD
Oil & Gas
Renewable Energy
Related members
Bank Track
Both ENDS
Friends of the Earth Japan
Friends of the Earth USA
Jubilee Australia
Les Amis de la Terre
Oil Change International
Re:Common
urgewald
