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Export-Import Bank Fuels Financing for Bahrain Fossil Fuel Expansion
By financing overseas fossil fuels in Bahrain and elsewhere, the U.S. Export-Import Bank is gambling with the planet and with people’s lives.
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Caving to Republicans and Big Ag, SEC Finalizes Dramatically Weakened Climate Disclosure Rule
The SEC today voted to finalize a dramatically weakened rule on climate-related financial risks, caving to Republicans and the Big Ag lobby and allowing corporations to conceal their emissions.
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Recommendations for DFC’s Suspension and Debarment Rule
DFC’s proposed rule should include provisions to ensure that DFC and the U.S. government do not provide funding to entities that cause harm and make no efforts to remediate the harm.
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A Risky Bet: The IMF’s Role in Mozambique’s LNG Development
Serious financial, social, environmental, and climate risks aside, the development of LNG in Mozambique has also been tangled up in a corruption scandal of international scale, and a devastating milit…
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Export-Import Bank Votes to Proceed with Bahrain Project Financing in Closed-Door Process
Today the board of directors at the United States Export-Import Bank voted to notify Congress about potential financing for fossil fuel expansion in Bahrain.
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FOE Japan letter to House Financial Services Committee
Friends of the Earth Japan expresses grave concerns on IFI financing nuclear power projects because of the reasons listed below.
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EXIM Trafigura Letter
Media reports of criminal investigations of Trafigura by US & Swiss law enforcement authorities have come to light that put into question whether the company should be eligible to continue to receive…
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Amid Corruption Charges, Groups Demand EXIM Halt Payments to Trafigura
This week, Friends of the Earth United States and partners sent an open letter to EXIM, asking the bank to halt its loan of $400 million to Trafigura, a loan agreement that was approved in July 2023.
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Why the U.S. Export-Import Bank Must End Financing for Fossil Fuels
After supporting almost no fossil fuel finance in the first two years of the Biden Administration, EXIM has pivoted hard toward fossil fuels.
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Export-Import Bank Squeezes in Disastrous Freeport LNG Vote Before Close of 2023
This week, the U.S. Export-Import Bank approved $90 million for marketing a Freeport liquified natural gas project in Texas.