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U.S. Misses the Mark on Fossil Fuel Finance Agreement

Today at the conclusion of the OECD Export Credit Group negotiations, participating nations failed to reach an agreement on fossil fuel finance, despite scientists’ repeated calls for urgent climate…
UKEF letter on Mozambique

UKEF must conduct comprehensive new due diligence — including a human rights and environmental assessment with public consultation.
News Releases

Global NGOs File Complaint with UN Program Over Support for “Corporate Greenwashing” Initiative

COLOMBIA – Today, a global group of NGOs and rights holders — including Rainforest Action Network, Third World Network, the Forests & Finance coalition, Indigenous Environmental Network, W…
Red Lines for a Green Future: Exploring Exclusionary Approaches to Protecting Biodiversity and People

A new report from Friends of the Earth US explores how China’s ECR framework can inspire global financial institutions, particularly Chinese banks, to adopt exclusionary financing policies in their in…
News Releases

EXIM Finances $690 million for Malaysia Petrochemicals as US Scrambles to Prove Climate Chops for COP29

The US Export-Import Bank (EXIM) voted to approve a massive financing deal for a petrochemical project in Malaysia, compromising US’ climate pledges in advance of the UN Climate Change Conference (C…
Victory Stories

Fighting for Corporate Accountability

It is critical that investors — and the general public — understands how companies’ activities may be contributing to climate change, what the climate financial risk of their business is, and wh…
Victory Stories

Cutting Fossil Fuel Financing

Fossil fuel financing from those signers is falling drastically, and most signatories have either eliminated or considerably reduced fossil fuel financing.
EXIM fossil fuel projects briefing

The US Export-Import Bank (US EXIM) is considering financing for international fossil fuel projects with lifetime emissions equivalent to more than 5,058,556,750 tonnes CO2e.
Blog

Why is the World Bank Group financing profitable polluters like Standard Bank and Eni?

The World Bank Group (WBG) plays a massive role in directing global economic development, and has the potential to support climate mitigation and adaptation by strategically using public funds. Unfort…
Letter to EXIM on Chafee Amendment

FOE requests that the Secretary of State make a determination pursuant to the Chafee Amendment in the Charter of the U.S. Export-Import Bank.