The hidden flows of finance to fossil fuels: World Bank and IMF edition
The U.S. government has spent more than $44 billion on fossil fuel projects overseas over the last decade. Read More
One Disaster After Another: Will EXIM Chairman Reed Ever Learn?
EXIM continues to invest in projects with severe environmental impacts, human rights abuses, and detrimental effects on local communities and public health. Read More
Why $77 billion a year in public finance for oil, gas, and coal is even worse than it sounds
The headline finding is that from 2016 to 2018 G20 countries provided an average of USD $77 billion a year in public finance for fossil fuels. Read More
Don’t scrap environmentally responsible overseas investment with reckless Senate BUILD Act
It fails to transfer to the new institution OPIC’s existing environmental, social, climate, transparency, worker rights, human rights, indigenous peoples, gender, anti-corruption and accountability policies — putting communities, the environment and the U.S. government at risk. Read More
OECD, It’s Time for Export Credit Agencies to Stop Funding Fossil Fuels
As they gather in the shadow of the UN Climate Conference, ECAs must cease business as usual and finally move in a new and more sustainable direction by ending all support of fossil fuels by 2020 at the latest. Read More
Senators, don’t put Ex-Im Bank’s fossil fuel financing back in business
After providing almost $6 billion annually to fossil fuels from 2013 to 2015, the U.S. export credit agency – the U.S. Export-Import Bank (Ex-Im) – has been unable to finance large fossil fuel projects for the past two years. Read More
G20 countries need to stop using export credit agencies to finance fossil fuel projects
Originally posted on Devex. by Kate DeAngelis, international policy analyst While some world leaders, such as South Korean President Moon Jae-in and French President Emmanuel Macron, have spouted lofty rhetoric about phasing out coal and other forms of dirty energy domestically, their pledges ignore their countries’ contributions to… Read More
How can OPIC protect communities and the planet?
In the waning days of the Obama administration, government agencies are scrambling to finalize new policies before the Trump administration comes to Washington in January. One such agency is the Overseas Private Investment Corporation, the United States… Read More
How can the OECD step up to the threats of climate change?
In a world of international bodies, the Organization of Economic Cooperation and Development might not be one that rises to a household name. Yet, decisions made in its back rooms determine whether most of the largest economies of the world will direct billions of dollars in… Read More
4 ways Power Africa can better achieve its energy access goal
More than two-thirds of the population in sub-Saharan Africa lacks electricity, with that figure growing to more than 85 percent in rural areas. In an attempt to address this dearth of energy access, President Obama initiated Power… Read More