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Amid U.S. Cries for Climate Action, Export-Import Bank Set to Approve Iraq Gas Project
Yet again, the U.S. Export-Import Bank is directly contradicting Biden’s climate goals by supporting yet another fossil fuel project. Read More
EXIM under Biden risks repeating mistakes of Obama in supporting Papua LNG
Today, 27 environmental and civil society organizations from Papua New Guinea, the Asia Pacific region and the United States submitted a letter to the U.S. Export-Import Bank (EXIM) urging it to oppose support for the Category A Papua liquefied natural gas project. Read More
EXIM approves support for oil refinery in Indonesia despite Biden climate pledges
Today the U.S. Export-Import Bank approved almost $100 million in support for the expansion of the PT Kilang Pertamina Balikpapan Petroleum Refinery in Indonesia Read More
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