Finance & Economic Systems

We 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.
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Latest News See All
Green groups & investors push for urgent action on deforestation and human rights abuses from Bunge, one of the world’s largest commodity traders

Friends of the Earth US and Global Witness are urging shareholders in one of the world’s largest agri-commodity traders to vote in favour of tackling deforestation at the company’s upcoming AGM. 

Biden administration announces restrictions on overseas fossil fuel financing but remains silent on EXIM and other key agencies

Today, in the lead up to President Biden’s Climate Summit, the U.S. International Development Finance Corporation (DFC) announced it will be net zero by 2040.

NGOs call on President Biden and Prime Minister Suga to take strong leadership on ending public support for coal, oil, and gas

We, as environmental NGOs based in both the U.S. and Japan, call on President Biden and Prime Minister Suga to take strong leadership on ending public support for coal, oil and gas expansion projects which do not align with the 1.5 degrees Celsius goal.  

  • Finance & Economic Systems Tell U.S. to terminate its involvement with a deadly coal plant
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  • Forests Tell TIAA to defund deforestation
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Impact Stories See All
Dirty Coal Plant Loses U.S. Funding
Dirty Coal Plant Loses U.S. Funding

Americans have made it clear: We want a cleaner future. This means investing in sustainable and efficient renewable energy at home and abroad.

Greening the Democracy Reform Movement
Greening the Democracy Reform Movement

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.

Latest Blog Posts See All
One Disaster After Another: Will EXIM Chairman Reed Ever Learn?
One Disaster After Another: Will EXIM Chairman Reed Ever Learn?

EXIM continues to invest in projects with severe environmental impacts, human rights abuses, and detrimental effects on local communities and public health.

Why $77 billion a year in public finance for oil, gas, and coal is even worse than it sounds
Why $77 billion a year in public finance for oil, gas, and coal is even worse than it sounds

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.

Over 260 CSOs call on Chinese actors to ensure COVID-19 financial relief be allocated to high quality, not high-risk Belt and Road investments
Over 260 CSOs call on Chinese actors to ensure COVID-19 financial relief be allocated to high quality, not high-risk Belt and Road investments

The international statement captures growing international concern regarding how Chinese development finance can do its part in successfully addressing the COVID-19 crisis without exacerbating environmental, social, climate, biodiversity, or other risks.

Resources See All
  • International Developmental Committee Inquiry
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  • EXIM Legal Obligation Letter
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  • Transnet EXIM FOIA
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