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Analysis Outlines How Export Credit Agencies Can Stop Bankrolling Fossil Fuels, Pursue U.S. Climate Pledges
The U.S. is failing to pursue an end for overseas oil and gas financing through the Organization for Economic Cooperation and Development Arrangement on Officially Supported Export Credits, according to a new analysis led by Friends of the Earth and Oil Change International with over 175 civil society signers. Read More
Friends of the Earth Denounces Biden’s Pick to Lead World Bank
Today President Biden announced that he will nominate Ajay Banga to be President of the World Bank, on the heels of current World Bank President David Malpass’s announcement of resignation one week ago. Read More
New Report Exposes World Bank Support for Gas in Vietnam
Today Recourse, Friends of the Earth U.S. and Asian Peoples Movement for Debt and Development released a new report that reveals the World Bank’s role in pushing for new and expanded gas power and LNG import infrastructure in Vietnam. Read More
Climate groups from around world call on World Bank President David Malpass to be fired
Climate change organisations under the Big Shift Coalition have called on the World Bank to fire its President David Malpass. Read More
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