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Report: IMF must curb its support for fossil fuels
A new report shows that the International Monetary Fund continues to undermine its own climate commitments through support for fossil fuels. Read More
Amid Fossil Fuel Industry’s False Rhetoric, Sarah Bloom Raskin Withdraws Nomination to Federal Reserve
By knifing her confirmation, Senate Republicans and Joe Manchin have shown once again that they care more about their fossil fuel benefactors than the climate. Read More
IPCC wakeup call to investors: Stop profiting from climate crisis and human rights abuses
Friends of the Earth US and Transnational Institute released new research calling for urgent action to rein in the financiers driving the climate emergency and profiting from its most devastating impacts. Read More
U.S. allows financing for new oil project at IDB Group Board, contradicting climate policies
The U.S. government’s ineffective guidance on fossil fuel financing at MDBs reflects its unwillingness to rigorously act on climate Read More
Biden Admin rolls out weak government-wide standard on overseas fossil fuel finance
Today, President Biden put forward a government-wide performance standard to apply to U.S. financing of overseas energy projects. Read More
United States joins 20+ countries in committing to end international finance for oil, gas, and coal by end of 2022
Today the United States and 24 other countries and institutions from both developed and developing countries committed to end direct international public finance for unabated coal, oil and gas by the end of 2022 and prioritize clean energy finance. Read More
NGOs Release the First Global Oil & Gas Exit List at COP26
NGOs this week launched a new database identifying the largest oil and gas expansionists as well as the companies responsible for the dirtiest and most controversial forms of oil and gas production. Read More
Report: G20 Governments Have Bankrolled at Least $188 Billion in Fossil Fuels Since 2018
A report released today by Friends of the Earth U.S. and Oil Change International reveals that from 2018 to 2020, USD 188 billion was provided for financing oil, gas, and coal projects by G20 nations. Read More
Biden’s “Whole of Government” Approach to Climate Change Has a Gaping Hole
Responding to the great threat climate change poses to the financial system and to national security, the Biden Administration recently released multiple climate adaptation and resilience plans. Read More
New OECD Coal Financing Restrictions Represent Weak Progress
Today the OECD Export Credit Group announced new restrictions on its support for overseas coal projects. Read More