Finance & Economic SystemsWe aim to create a more environmentally sustainable and socially just world by transforming financial and economic systems. We work to redirect tax policies and public spending to make polluters pay for the costs of their pollution, and to drive the transition to a cleaner, low-carbon economy. At home and abroad, we advocate for policies that minimize environmental and social harm and fund a brighter future. In the United States, we strengthen regulations to encourage sustainability in financial markets and fight trade policies that allow companies to run roughshod over the environment and human rights. We also work with allies around the world to alter lending practices at financial institutions such as the World Bank, the U.S. Export-Import Bank and Wall Street banks that fund polluting activities and harm communities in developing countries.
The World Bank Group released a new Climate Change Action Plan, but did not commit the Bank to eliminate fossil fuels from its portfolio.
Trans Mountain insurer and Lloyd’s of London syndicate Argo Group has pledged to cut ties with the existing Trans Mountain tar sands pipeline when its current insurance policy expires on August 31, 2021, and to not insure the Trans Mountain Expansion Project
Environmental groups sued the United States International Development Finance Corporation (DFC) today for illegally exempting itself from the Sunshine Act, which requires multi-member federal agencies to open deliberations to the public.
Finance & Economic Systems Tell U.S. to terminate its involvement with a deadly coal plantTAKE ACTION
Finance & Economic Systems Stop your tax dollars from funding fossil fuel projects overseasTAKE ACTION
Americans have made it clear: We want a cleaner future. This means investing in sustainable and efficient renewable energy at home and abroad.
In recent years, powerful partisan interests have weaponized these tools to block environmental and social justice progress. In response, Friends of the Earth is working to reform our democracy so that every voice is heard, equally.
The U.S. government has spent more than $44 billion on fossil fuel projects overseas over the last decade.
EXIM continues to invest in projects with severe environmental impacts, human rights abuses, and detrimental effects on local communities and public health.
The headline finding is that from 2016 to 2018 G20 countries provided an average of USD $77 billion a year in public finance for fossil fuels.