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Report: G20 Governments Have Bankrolled at Least $188 Billion in Fossil Fuels Since 2018
A report released today by Friends of the Earth U.S. and Oil Change International reveals that from 2018 to 2020, USD 188 billion was provided for financing oil, gas, and coal projects by G20 nations.
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Biden’s “Whole of Government” Approach to Climate Change Has a Gaping Hole
Responding to the great threat climate change poses to the financial system and to national security, the Biden Administration recently released multiple climate adaptation and resilience plans.
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New OECD Coal Financing Restrictions Represent Weak Progress
Today the OECD Export Credit Group announced new restrictions on its support for overseas coal projects.
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Biden’s Financial Risk Roadmap, Focused on Climate, Omits Worst Federal Offenders
Today the White House released the first Roadmap to Build a Climate-Resilient Economy, required under President Biden’s Executive Order on Climate-Related Financial Risk.
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Groups call on World Bank President David Malpass to be replaced over failure on climate action
Today, 77 groups sent a letter to World Bank Governors and Executive Directors calling for President David Malpass to be replaced for failing to take adequate action on climate change.
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Friends of the Earth US Statement on China’s Announcement on No New Overseas Coal Plants
This reflects years of patient, persistent work of communities and activists to stop harmful coal projects around the world.
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CSO Letter on Ending International Public Finance for Fossil Fuels
Urgent action is needed to ensure 2021 marks the end of international public finance to fossil fuels. This would free up significant support for clean energy and a just and equitable transition worldw…
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Letter on EXIM Consideration of Financing Petrochemical Project in Malaysia
Friends of the Earth United States (FOE) writes to express deep concern for EXIM’s consideration of Pengerang Energy Complex (PEC) Petrochemical Project in Penerang, Johor, Malaysia.
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Letter on EXIM’s Consideration of Financing Kazakhstan Oil Refinery
We write to express deep concern for EXIM’s consideration of an oil refinery in the Terektinsky District (near Uralsk) in West Kazakhstan.