Sustainable 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.
Today, Friends of the Earth U.S. submitted an international complaint against the U.S. Export-Import Bank over its financing of overseas fossil fuel projects.
Two years after the U.S. Treasury issued guidance to shift financial support from multilateral banks away from fossil fuel buildout overseas, a new report the U.S. has voted to support nearly 400 million USD in direct fossil fuel financing at the World Bank Group alone through March 2023.
President Biden cannot claim climate wins while his US Export-Import Bank is propping up a pollutive industry.
Getting six major multinationals to stand up and take action is no small thing, but there is still work to be done.
After years of pressure from environmental activists, Proctor & Gamble shareholders took a vital step towards protecting our forests.
Raymond exemplifies the fossil fuel industry’s decades of climate denial. His retreat under pressure from the climate movement in a historic win, showing that fossil oligarchs’ and climate deniers’ stranglehold on Wall Street is waning.
We thank our members for speaking out and working to take on the most powerful industry on the planet. Your voices helped fund projects that will save our planet, not destroy it.
Americans have made it clear: We want a cleaner future. This means investing in sustainable and efficient renewable energy at home and abroad.
The Inflation Reduction Act (IRA) is many things at once. The good and the bad all need to be considered together.
Earth Day continues to be a moment when people come together to pick up trash, to learn and teach, and to take a moment to reflect. It is also a day when corporate America loves to broadcast its social responsibility and to spend public relations budgets on ever-increasing forays into…
The U.S. government has spent more than $44 billion on fossil fuel projects overseas over the last decade.