April, 11 2023, 01:49pm EDT

For Immediate Release
Contact:
Valentina Stackl, Oil Change International Media Officer, valentina@priceofoil.org
Japan's G7 Presidency Threatens Progress to end Fossil Fuel Financing
While France, the UK, and Canada take steps to fulfill G7 commitments, Japan pushes for fossil fuel expansion across Asia with New fossil fuel energy strategy
As G7 Climate, Energy and Environment Ministers prepare to meet in Japan this weekend, two new briefings launched today, Oil Change International’s Japan’s Toxic Energy Strategy for Asia and G7 Countries can Shift Billions into Clean Energy in collaboration with E3G, show the extent to which G7 countries are succeeding, and failing, in holding up their climate and energy security commitments.
Last year the G7 committed to “end new direct public support for the international unabated fossil fuel energy sector by the end of 2022.” At this year’s G7, Japanese Prime Minister Fumio Kishida is undermining this commitment by spearheading a new “Green Transformation” policy that would expand fossil fuels across Asia under the guise of “decarbonization,” including through public finance backing. Japan’s greenwashed strategy relies heavily on fossil fuel technologies, including LNG, co-firing of ammonia at coal power plants, fossil hydrogen, and carbon capture, utilization and storage (CCUS). Rather than helping to accelerate the clean energy transition, these technologies typically serve to extend the lifetime of fossil fuel infrastructure, worsen the climate crisis, and undermine energy security.
In the lead up to the G7 Climate, Energy, and Environment Ministerial, other G7 member governments are pushing back against Japan’s efforts to leverage its presidency to promote LNG and other fossil-based technologies. Officials from the UK and US governments are calling for a clear deadline for coal phase out and more ambitious plans to eliminate the use of fossil fuels in the power sector.
Today’s newly published OCI data shows it is critical that G7 members reiterate and strengthen last year’s commitment to end international public finance for fossil fuels, which had end of 2022 deadline. The OCI and E3G briefing shows that though the deadline has now passed, Japan, Italy, and Germany have not delivered on implementation of the commitment, while Canada, the United Kingdom, and France have. Recent G7 public finance flows underscore the significance of last year’s commitment. G7 public finance for fossil fuels between 2020 and 2022 totalled at least USD 73 billion, almost 2.6 times more than their clean energy support over the same period (USD 28.6 billion).
Through upholding and strengthening last year’s commitments, the G7 can prevent backsliding and directly shift USD 24.3 billion a year in public finance out of fossil fuels and into clean energy. This would bring the G7’s clean energy finance to USD 34 billion annually, a sum almost large enough to close the USD 36 billion energy access finance gap. Making this shift would also catalyze an even larger shift in public and private finance.
Quotes
Makiko Arima, Japan Finance Campaigner, Oil Change International, said:
“Japan’s toxic energy strategy is derailing Asia’s energy transition. The “Green Transformation” policy is just a euphemism for technologies that prolong the use of fossil fuels, and Japan is pushing hard to promote these technologies in South and Southeast Asia. As the host of this year’s G7, it is Japan’s responsibility to act now and transition towards cleaner and more sustainable energy sources, not hide behind greenwashed fossil fuels. Japan must change course and not hold back the rest of the G7 nations in this crucial fight against climate change.
“Along with being critical to meet climate targets, shifting to clean energy and phasing out fossil fuel reliance is also the best way to permanently bring down soaring energy costs and increase energy security. These technologies are more affordable, can be scaled up more rapidly, and do not introduce further volatility through increased climate damages, fiscal instability, and stranded asset risks as global gas demand drops.
Laurie van der Burg, Campaign Manager Global Public Finance, Oil Change International, said:
“Last year, the G7 made a groundbreaking commitment to end international public finance for fossil fuels by the end of 2022 and instead prioritize finance for clean energy. While Canada, France and the United Kingdom have implemented this commitment, Japan, Italy and Germany have failed to deliver. This underlines that it is critical that the G7 reiterate and strengthen last year’s commitment. By doing so they can increase their clean energy finance to USD 34 billion a year, a sum almost big enough to close the energy access financing gap. This is critical not only to meet climate targets but also to bring down soaring energy costs and increase energy security.
“Shifting to clean energy while avoiding extending the lifetime of fossil fuels assets with fossil-fuel based technologies, including ammonia and hydrogen, is needed to align with 1.5C, prevent fiscal instability and reduce stranded asset risks as global gas demand drops.”
Louise Burrows, Senior Policy Advisor – Energy Finance from E3G said:
“Future prosperity lies in the clean energy transition. It is critical that G7 countries fulfil their commitment to end international fossil fuel finance and instead rapidly support sectors and technologies of the future, not the past.
“The G7’s public finance institutions are uniquely placed to catalyze a just, transformative, and rapid transition to clean energy globally. They must grasp this opportunity and showcase leadership and action. Doing so will also help send the right political signals on the phase-out of all fossil fuels.“
Key facts from briefings:
- G7 public finance for fossil fuels between 2020 and 2022 totaled at least USD 73 billion, which is 2.6 times their clean energy support over the same period.
- Japan is the world’s top funder of LNG export terminals, spending nearly USD 40 billion from 2012 to 2022.
- By upholding and strengthening last year’s commitment, the G7 can shift USD 24.3 billion per year from fossil fuels to clean energy, and bring their clean finance to USD 34 billion, a sum almost large enough to close the energy access finance gap estimated at USD 36 billion a year.
- Japan’s “Green Transformation” policy, approved by its Cabinet in February 2023, would prolong the use of fossil fuels by relying heavily on LNG; co-firing ammonia with coal; fossil hydrogen; and carbon capture, utilization and storage.
- By advising and drafting power sector plans and roadmaps for countries like Bangladesh and Indonesia, Japan promotes the continued use of fossil fuels and incorporation of fossil fuel-based technologies in these countries’ energy mixes.
- Civil society groups across Asia are rejecting Japanese policies and projects that would prolong the use of fossil fuels with groups organizing in Bangladesh, Indonesia, and the Philippines.
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.
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Trump Signs Executive Order to Advance 'Deeply Dangerous' Deep-Sea Mining
"The harm caused by deep-sea mining isn't restricted to the ocean floor: It will impact the entire water column, top to bottom, and everyone and everything relying on it," one campaigner warned.
Apr 24, 2025
Amid global calls for a ban on deep-sea mining to protect marine ecosystems, U.S. President Donald Trump on Thursday signed an executive order to advance the risky practice and "restore American dominance in offshore critical minerals and resources."
"The broad order avoids a direct confrontation with the United Nations-backed International Seabed Authority and seeks essentially to jump-start the mining of U.S. waters as part of a push to offset China's sweeping control of the critical minerals industry," notedReuters, which had previewed the measure aimed at attaining nickel, cobalt, copper, manganese, titanium, and rare earth elements.
"The International Seabed Authority—created by the United Nations Convention on the Law of the Sea, which the U.S. has not ratified—has for years been considering standards for deep-sea mining in international waters, although it has yet to formalize them due to unresolved differences over acceptable levels of dust, noise, and other factors from the practice," the agency reported.
Trump's order directs Cabinet members including Secretary of Commerce Howard Lutnick—whose department oversees the National Oceanic and Atmospheric Administration (NOAA)—to expedite the permit process and work on various related reports.
"Authorizing deep-sea mining outside international law is like lighting a match in a room full of dynamite—it threatens ecosystems, global cooperation, and U.S. credibility all at once."
Deep-sea mining is opposed by over 30 countries as well as academics and advocacy groups worldwide. Among them is Greenpeace USA, whose campaigner Arlo Hemphill said Thursday that "authorizing deep-sea mining outside international law is like lighting a match in a room full of dynamite—it threatens ecosystems, global cooperation, and U.S. credibility all at once."
"We condemn this administration's attempt to launch this destructive industry on the high seas in the Pacific by bypassing the United Nations process," Hemphill declared. "This is an insult to multilateralism and a slap in the face to all the countries and millions of people around the world who oppose this dangerous industry."
"But this executive order is not the start of deep-sea mining. Everywhere governments have tried to start deep-sea mining, they have failed. This will be no different," he added. "We call on the international community to stand against this unacceptable undermining of international cooperation by agreeing to a global moratorium on deep-sea mining. The United States government has no right to unilaterally allow an industry to destroy the common heritage of humankind, and rip up the deep sea for the profit of a few corporations."
No exaggeration, deep sea mining could cause the massive collapse of the entire deep sea ecosystem and food chain. This is an existential risk to every person on this planet. www.nytimes.com/2025/04/24/c...
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— Alejandra Caraballo (@esqueer.net) April 24, 2025 at 5:54 PM
Ocean Conservancy vice president for external affairs Jeff Watters also blasted the move, saying that "this executive order flies in the face of NOAA's mission. NOAA is charged with protecting, not imperiling, the ocean and its economic benefits, including fishing and tourism; and scientists agree that deep-sea mining is a deeply dangerous endeavor for our ocean and all of us who depend on it."
"Areas of the U.S. seafloor where test mining took place over 50 years ago still haven't fully recovered," Watters pointed out. "The harm caused by deep-sea mining isn't restricted to the ocean floor: It will impact the entire water column, top to bottom, and everyone and everything relying on it. Evidence tells us that areas targeted for deep-sea mining often overlap with important fisheries, raising serious concerns about the impacts on the country's $321 billion fishing industry."
He highlighted that "NOAA is already being threatened by this administration's unprecedented cuts. NOAA is the eyes and ears for our water and air. NOAA provides Americans with accessible and accurate weather forecasts; it tracks hurricanes and tsunamis; it responds to oil spills; it keeps seafood on the table; and so much more. Forcing the agency to carry out deep-sea mining permitting while these essential services are slashed will only harm our ocean and our country."
"It's not just our country this executive order would harm: This action has far-reaching implications beyond the U.S.," Watters added, warning that by unilaterally allowing deep-sea mining, "the administration is opening a door for other countries to do the same—and all of us, and the ocean we all depend on, will be worse off for it."
As The New York Timesreported:
The executive order could pave the way for the Metals Company, a prominent seabed mining company, to receive an expedited permit from NOAA to actively mine for the first time. The publicly traded company, based in Vancouver, British Columbia, disclosed in March that it would ask the Trump administration through a U.S. subsidiary for approval to mine in international waters. The company has already spent more than $500 million doing exploratory work.
"We have a boat that's production-ready," said Gerard Barron, the company's chief executive, in an interview on Thursday. "We have a means of processing the materials in an allied friendly partner nation. We're just missing the permit to allow us to begin."
In response to the late March disclosure—which came during International Seabed Authority negotiations—Louisa Casson, senior campaigner for Greenpeace International, said that "this is another of the Metals Company's pathetic ploys and an insult to multilateralism. It shows that a moratorium on deep-sea mining is more urgently needed than ever. It also proves that the company's CEO Gerard Barron's plans never focused on solutions for the climate catastrophe."
"The Metals Company is desperate and now is encouraging a breach of customary international law by announcing their intent to mine the international seabed through the United States' Deep-Sea Hard Mineral Resources Act," the camapigner asserted. "This comes after the Metals Company has spent years exerting immense pressure on the International Seabed Authority to try and force governments to allow mining in the international seabed—the common heritage of humankind."
Casson stressed that "states, civil society, scientists, companies, and Indigenous communities continue to resist these efforts. Having tried and failed to pressure the international community to meet their demands, this reckless announcement is a slap in the face to international cooperation."
Less than a week later, the Norwegian deep-sea mining company Loke Marine Minerals declared bankruptcy—which Haldis Tjeldflaat Helle, a campaigner for Greenpeace Nordic, noted came "on the same day that we shut down a deep-sea mining conference in Bergen."
The Norwegian government in December halted plans to move forward with deep-sea mining in the Arctic Ocean, which Steve Trent, CEO and founder of the Environmental Justice Foundation, had called "a testament to the power of principled, courageous political action, and... a moment to celebrate for environmental advocates, ocean ecosystems, and future generations alike."
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Apr 24, 2025
As the Trump administration, spearheaded by Elon Musk's Department of Government Efficiency, dramatically slashes U.S. humanitarian assistance, the international medical charity Doctors Without Borders warned Thursday that the cuts are already "having devastating consequences for people who rely upon aid" across the Global South.
"The U.S. has long been the leading supporter of global health and humanitarian programs, responsible for around 40% of all related funding," Doctors Without Borders, known by its French acronym MSF, said in a statement. "These U.S. investments have helped improve the health and well-being of communities around the globe—and totaled less than 1% of the annual federal budget."
"It's shocking to see the U.S. abandon its leadership role in advancing global health and humanitarian efforts."
However, with the Trump administration slashing funding for U.S. Agency for International Development (USAID) contracts by 90%, including for programs that fed and provided healthcare for millions of people and fought diseases like malaria and HIV/AIDS, MSF USA CEO Avril Benoît said there will be "more preventable deaths and untold suffering around the world."
"These sudden cuts by the Trump administration are a human-made disaster for the millions of people struggling to survive amid wars, disease outbreaks, and other emergencies," Benoît warned. "We are an emergency response organization, but we have never seen anything like this massive disruption to global health and humanitarian programs."
"The risks are catastrophic, especially since people who rely on foreign assistance are already among the most vulnerable in the world," she added.
Although MSF received no U.S. government funding, the group noted that "we work closely with other health and humanitarian organizations to deliver vital services, and many of our activities involve programs that have been disrupted due to funding cuts."
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United Nations Secretary-General António Guterres on Thursday led calls for India and Pakistan to "exercise maximum restraint" as the nuclear-armed neighbors took tit-for-tat measures against each other in the wake of Tuesday's massacre of 26 people in Indian-occupied Kashmir.
Pakistan warned India that it was committing an "act of war" by suspending the landmark Indus Waters Treaty, which allows both countries to share the vital river system's flow. Pakistan announced the suspension of trade and closed its airspace to Indian flights. Both countries closed border ports of entry, canceled visas, and took other measures against each other.
India said it was downgrading relations with Pakistan, whom it blamed for supporting "cross-border terrorism" after gunmen killed 25 Indians and one Nepali and wounded at least 17 others at a popular vacation spot in Pahalgam, Kashmir on Tuesday.
"May sanity prevail between both nations."
A front group of the Pakistan-based militant group Lashkar-e-Taiba claimed responsibility for the attack, which killed mostly tourists.
Pakistani Defense Minister Khawaja Asif countered that his country's government believes "very strongly" that the attack "was a false flag operation."
Speaking Thursday, Stephane Dujarric, Guterres' spokesperson,
said that "we very much appeal to both the governments of Pakistan and India to exercise maximum restraint, and to ensure that the situation and the developments we've seen do not deteriorate any further."
"Any issues between Pakistan and India, we believe can be and should be resolved peacefully through meaningful mutual engagement," he added.
Progressives from both sides of the border echoed calls for restraint.
"We, the people of Kashmir, have already suffered so much over the years—and now, more than ever, we want peace to prevail in our homeland," Kashmiri social activist Jasib Shabir Bhat said on social media Wednesday. "We stand united for peace, for humanity, and for a better future for all."
Pakistani authori and activist Ehtesham Hassan wrote that "as a Pakistani who visited India and received immense love, I am devastated by the news from Pahalgam."
"I wish peace for the common people of India and Pakistan regardless of religion," Hassan added. "May sanity prevail between both nations."
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