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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
Biden’s Financial Risk Roadmap, Focused on Climate, Omits Worst Federal Offenders
Today the White House released the first Roadmap to Build a Climate-Resilient Economy, required under President Biden’s Executive Order on Climate-Related Financial Risk. Read More
Groups call on World Bank President David Malpass to be replaced over failure on climate action
Today, 77 groups sent a letter to World Bank Governors and Executive Directors calling for President David Malpass to be replaced for failing to take adequate action on climate change. Read More
Friends of the Earth US Statement on China’s Announcement on No New Overseas Coal Plants
This reflects years of patient, persistent work of communities and activists to stop harmful coal projects around the world. Read More