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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…
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Response to OPIC RE Vaca Muerta
The response provided by OPIC suggests that it is normal to address these fundamentally important issues at some later stage (which is conveniently after financing for the project is approved).
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$5 billion in EXIM financing for Mozambique LNG plant fuels U.S. contribution to climate emergency
The U.S. Export-Import Bank’s (EXIM) Board of Directors today voted to approve $5 billion in financing for a liquid natural gas project in Mozambique.
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Economic Policy Campaign: Position Paper
Mega-mergers in many sectors — from finance to agriculture to technology — have increased corporate power and control, both in economic and political terms. Today, corporations have a stronger e…
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As Finance Committee Considers Ex-Im Reauthorization, Congress must end fossil fuel financing
The House Financial Services Committee today will consider a bill to reauthorize the Export-Import Bank, the U.S. government’s official export credit agency. The Ex-Im Bank is one of the largest sou…