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The report finds that Canadian institutions provided between CAD 7.6 billion and CAD 13.5 billion annually to the fossil fuel sector from 2020 to 2022, while providing only CAD 147 million annually for domestic renewable energy. It identifies Export Development Canada (EDC) as the primary provider of this finance and highlights a critical lack of transparency in reporting. The authors recommend a comprehensive policy that covers the entire fossil fuel life cycle, includes existing investments like the Trans Mountain Pipeline Expansion, and precludes funding for carbon capture and storage (CCS) and blue hydrogen. The report suggests redirecting these funds toward clean electricity and Indigenous-led generation to support Canada's energy transition.

The Fossil to Clean campaign, led by the We Mean Business Coalition, seeks to accelerate the transition to a net-zero future by mobilizing businesses to signal demand for fossil fuel phase-out and urging governments to implement supportive policies. The campaign focuses on ensuring the 2025 Nationally Determined Contributions (NDCs) include specific fossil fuel phase-out targets aligned with 1.5°C pathways. In 2023, the campaign mobilized over 200 companies with annual revenues exceeding US$1.5 trillion to advocate for the phase-out of unabated fossil fuels and the tripling of renewable energy capacity.

The Fossil Fuel Non-Proliferation Treaty initiative proposes a framework for a global treaty to end the expansion of oil, gas, and coal. Based on 20 global consultations, the document argues that the treaty must be built on three core values—justice, rights, and public goods—to avoid replicating colonial and corporate domination. It emphasizes a 'bottom up' approach to ensure the participation of marginalized groups and Indigenous Peoples from the outset. The proposed framework rests on three pillars: a just transition for workers and communities, the non-proliferation of new fossil fuel exploration, and a fair phase-out of existing production aligned with the 1.5C goal.

The report assesses decarbonisation strategies for refineries across four major regions, focusing on Scope 1, 2, and 3 emissions. It evaluates technologies such as carbon capture, blue and green hydrogen, and the transition to biorefineries (specifically the HEFA process) or clean fuels facilities. Regional analysis shows that while the US and GCC benefit from cheap natural gas for blue hydrogen, Europe is trending toward green hydrogen imports and biorefinery revamps. Singapore's strategy is heavily influenced by its status as a global trading hub and its lack of domestic natural gas or carbon storage resources. The report concludes that energy efficiency projects are generally the most immediate and viable, while large-scale carbon capture and hydrogen transitions require significant policy support and infrastructure development to be economically feasible.

In 2023, solar and wind power continued to grow, with solar producing a record 5.5% of global electricity and wind reaching 7.8%. China was the primary driver for both, accounting for 51% of solar growth and 60% of wind additions. Conversely, coal generation reached a record high of 10,434 TWh (35% of the global mix), largely due to droughts in China reducing hydropower output, which fell by a record 88 TWh. Fossil gas remained the second-largest source at 23%, with growth driven by the US. Nuclear generation saw a slight rebound to 9.1% of the mix, while bioenergy reached a record 697 TWh (2.4%). The report notes that while solar and wind are on a positive trajectory, coal and gas must decline sharply, and nuclear and hydro must accelerate growth to meet IEA Net Zero Emissions targets by 2030.

The document argues that States have a legal obligation under international climate change law and human rights law to implement effective, science-based measures to mitigate climate change, specifically through the phase-out of fossil fuels and the regulation of non-state actors. It asserts that failure to do so constitutes an internationally wrongful act, triggering responsibilities for cessation of harm and full reparation, including financial compensation for loss and damage.

The report outlines a framework for a Fossil Fuel Non-Proliferation Treaty based on three foundational values: justice, rights, and the public good. It details a vision for a post-fossil fuel future characterised by self-determination and thriving ecosystems, while identifying risks such as 'false solutions' and 'treaty fatigue'. The document proposes operationalising the treaty through national laws, regional energy sovereignty, and global targets based on historic responsibility and the 'polluter pays' principle.

The report argues that Southeast Asia is at an energy crossroads, where planned gas infrastructure expansion could lock the region into economically volatile fuels and high capital costs, while renewable energy offers a cost-competitive and sustainable alternative. It highlights that in-development gas power and LNG projects would require over $220 billion in investment and could double the region's gas-fired capacity. The document details specific national strategies in Vietnam, the Philippines, Thailand, Indonesia, and Malaysia, noting a trend of viewing gas as a 'transitional fuel'. It further critiques the role of international finance, particularly from Japan and South Korea, and the promotion of carbon capture and storage (CCS) as potential delays to the energy transition. Conversely, it presents data showing that utility-scale solar and wind could meet nearly two-thirds of the projected increase in energy demand by 2030, provided that grid infrastructure and cross-border electricity trade, such as the ASEAN Power Grid, are developed.

The report asserts that limiting global warming to 1.5°C requires a drastic reduction in oil and gas production, potentially between 58% and 99% by 2050. It highlights a significant 'production gap,' noting that current government plans for 2030 exceed 1.5°C-consistent levels by 29% for oil and 82% for gas. The document advocates for a 'just transition' that prioritizes phase-outs in developed and low-dependency economies while providing financial and technical support to the Global South. Key recommendations include ending new field development, reforming fossil fuel subsidies, and transforming national oil companies into clean energy entities.

The brief defends the EPA's use of the 'best system of emission reduction' (BSER) to mandate carbon capture and storage (CCS) for certain fossil-fuel-fired power plants. It argues that the phrase 'adequately demonstrated' in Section 111 of the Clean Air Act does not require a technology to be widely deployed, citing federal court precedents and legislative history to support the 'technology-forcing' nature of the Act. The document further asserts that this interpretation would remain valid regardless of potential changes to Chevron deference.

The Power Decarbonization Funding Tracker lists various US federal incentives for power sector decarbonization. It categorizes funding into three sectors: Transmission and Electric Grid, which includes the $10.5 billion Grid Resilience and Innovation Partnerships (GRIP) program and the $2.5 billion Transmission Facilitation Program; Clean Firm, featuring the $6 billion Civil Nuclear Credit Program and $2.5 billion for the Advanced Reactor Demonstration Program; and Rural Electrification, highlighted by the $9.7 billion Empowering Rural America (New ERA) Program and the $2.025 billion Rural Energy for America Program (REAP). Additionally, it identifies key tax credits for clean electricity production, investment, and carbon sequestration.

The 2024 Three Seas Summit emphasized the necessity of regional coordination and private capital to advance energy transition and infrastructure in Central and Eastern Europe. Key priorities include strengthening ties with the EU and U.S., supporting Ukraine's reconstruction, and leveraging a portfolio of 143 priority projects—primarily in transportation (51%) and energy (39%)—to build economic competitiveness and climate resilience.

The document highlights a recent increase in global coal capacity and a slowdown in the adoption of coal-restrictive policies by private financial institutions, calling for urgent regulatory action and the implementation of the Coal Transition Accelerator.

Reclaim Finance assesses ENGIE's 2025 climate plan, finding it insufficient for a 1.5°C pathway. The analysis highlights that nearly half of ENGIE's capacity remains fossil gas-based, with no specific exit dates or asset-by-asset strategies. While renewable targets increased to 95 GW by 2030, the company continues gas expansion through new plants and LNG contracts. The briefing recommends that financial institutions demand a halt to gas infrastructure and that shareholders vote against the 'Say on Climate' proposal and the reappointment of CEO Catherine MacGregor.

The briefing criticizes ENGIE's 2025 climate plan for lacking a phase-out date for fossil gas and continuing expansion through new plants and long-term LNG contracts. While noting a slight increase in renewable energy targets to 95 GW by 2030, the author argues that ENGIE remains on a 'well below 2°C' trajectory rather than 1.5°C, citing a decarbonization goal of 2045 that contradicts IEA Net Zero Emissions (NZE) scenarios. The document also highlights that CAPEX for fossil technologies remains nearly stable between the 2024-2026 and 2025-2027 periods and warns that reliance on 'green gases' and carbon credits may perpetuate fossil systems.

The report identifies 219 facilities in Pennsylvania eligible for 45Q tax credits, emitting 82.5 million metric tons of CO2 annually. While the Lockport and Knox formations offer a theoretical storage capacity of 510 to 1,640 million metric tons, low permeability across most assessed saline aquifers poses a significant challenge to commercial viability. Alternative storage options include depleted oil and gas fields, CO2-enhanced oil recovery (EOR), and the Marcellus and Utica shales, though the latter requires further research.

Reclaim Finance calls on ArcelorMittal shareholders to use the April 30, 2024, annual general meeting to oppose the company's continued investment in coal-based blast furnaces and its lack of a clear decarbonization strategy. The organization highlights that ArcelorMittal continues to extend the life of existing coal furnaces and invest in new ones, specifically in India via a joint venture with Nippon Steel. It further notes that less than half of the company's decarbonization projects can produce steel without fossil fuels, and expresses concern over the viability of green hydrogen projects in Europe due to cost. Reclaim Finance recommends that investors integrate climate concerns into routine strategic votes, including director re-election and executive remuneration, to hold management accountable for fossil-fuel-based plans.

The document argues that Poland, as Europe's third largest hydrogen producer, must transition from carbon-intensive production to a clean hydrogen economy to decarbonise its industrial and transportation sectors. It recommends prioritising 'no regrets' sectors, adopting a technology-neutral production approach, and carefully planning imports via pipelines or ammonia to manage limited domestic resources.

The Clean Air Task Force (CATF) argues that the U.S. Department of the Treasury must implement strict guardrails for the Section 45V Clean Hydrogen Production Tax Credit to prevent increased greenhouse gas emissions. Key recommendations include requiring project-specific upstream emissions data for natural gas feedstocks, prohibiting negative emissions values from biomethane or fugitive methane, and awarding credits on a kilogram-by-kilogram basis rather than annual averages. CATF strongly supports the 'three pillars' of electricity-based production—incrementality, hourly matching, and deliverability—to avoid systemwide grid emissions, while opposing a blanket 5% incrementality exemption, which Rhodium Group analysis suggests could increase cumulative emissions by 1.5 billion metric tons through 2035.

The policy brief contends that fixed upstream emission rates for methane and CO2 in the 45VH2-GREET model create economic distortions by penalizing low-emission hydrogen producers and rewarding those with higher-emission supply chains. It proposes replacing these fixed rates with project-specific data from the EPA's Greenhouse Gas Reporting Program (GHGRP) to ensure tax credits align with actual lifecycle emissions.