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House approves EXIM reauthorization that allows uninhibited support for climate polluting projects
The U.S. House of Representatives today voted to approve the United States Export Finance Agency Act of 2019, putting the chamber’s stamp of approval on a 10-year reauthorization of the U.S. Export-…
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OPIC Rovuma LNG Comments
OPIC and its successor, the U.S. International Development Finance Corporation (DFC), aim to provide finance in order to alleviate poverty, but it remains unclear how Rovuma LNG will actually accompli…
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Trump files to leave Paris
The Trump administration today filed paperwork to begin the formal process of withdrawing the U.S. from the Paris Climate Agreement.
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EXIM Bank reauthorization could mean ten years and billions of dollars for dirty fossil fuel projects
The House Financial Services Committee today is considering the reauthorization of the U.S. Export-Import Bank. Should the mark up of H.R. 4863, the United States Export Finance Agency Act of 2019…
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EXIM should not fund detrimental natural gas project in Mozambique
An obscure government agency, the U.S. Export Import Bank (EXIM), will decide this week whether or not to fund a $5 billion liquefied natural gas (LNG) investment, the agency’s largest transaction e…
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As world leaders discuss climate action, U.S. government finances massive LNG project that will cause climate chaos
The U.S. Export-Import Bank’s (EXIM) Board of Directors today voted to provide $5 billion in financing for a liquid natural gas (LNG) project in Mozambique, making it the largest federal subsidy for…
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Hundreds of Companies Set to Miss 2020 Deadline to End Deforestation in Supply Chains
For a liveable future, these companies must make good on their promises and cut deforestation, land grabs and human rights abuses out of their supply chains immediately.
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OPIC votes to accelerate climate crisis
The board of directors of the Overseas Private Investment Corporation late yesterday approved $450 million in financing for a series of unconventional oil and gas projects in Argentina’s Vaca Muerta…
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Members of Congress, Argentinian and U.S. groups call on OPIC to reject financing for fracking in Argentina
The environmental and social impacts of these projects will hurt public health and the water, land, and air. In fact, the U.N. Committee on Economic, Social, and Cultural Rights has urged Argentina t…