World Bank Group’s new Climate Change Action Plan fails to end financial flows to fossil fuels
The World Bank Group released a new Climate Change Action Plan, but did not commit the Bank to eliminate fossil fuels from its portfolio. Read More
Trans Mountain Insurer Argo Group Commits to Cut Ties with the Pipeline Company
Trans Mountain insurer and Lloyd’s of London syndicate Argo Group has pledged to cut ties with the existing Trans Mountain tar sands pipeline when its current insurance policy expires on August 31, 2021, and to not insure the Trans Mountain Expansion Project Read More
Lawsuit Seeks Public Accountability for U.S. Financing of Climate-Damaging International Projects
Environmental groups sued the United States International Development Finance Corporation (DFC) today for illegally exempting itself from the Sunshine Act, which requires multi-member federal agencies to open deliberations to the public. Read More
Green groups & investors push for urgent action on deforestation and human rights abuses from Bunge, one of the world’s largest commodity traders
Friends of the Earth US and Global Witness are urging shareholders in one of the world’s largest agri-commodity traders to vote in favour of tackling deforestation at the company’s upcoming AGM. Read More
Biden administration announces restrictions on overseas fossil fuel financing but remains silent on EXIM and other key agencies
Today, in the lead up to President Biden’s Climate Summit, the U.S. International Development Finance Corporation (DFC) announced it will be net zero by 2040. Read More
NGOs call on President Biden and Prime Minister Suga to take strong leadership on ending public support for coal, oil, and gas
We, as environmental NGOs based in both the U.S. and Japan, call on President Biden and Prime Minister Suga to take strong leadership on ending public support for coal, oil and gas expansion projects which do not align with the 1.5 degrees Celsius goal. Read More
30+ Groups and Academics Call on Yellen to use US government’s “voice and vote” to take bold action on climate at the IMF
In a letter sent today, 30+ organizations and academics from around the globe called on US Treasury Secretary Janet Yellen to use the US government’s “voice and vote” in the IMF to push for an end to support of fossil fuel expansion --including gas. Read More
Nearly 450 Organizations Call on Biden Administration to End Public Finance for Fossil Fuels
In a letter released today, nearly 450 organizations called on the Biden Administration to immediately end all US public financing for fossil fuels, including natural gas. Read More
Kerry announces end to international fossil fuel financing
Special Presidential Envoy for Climate John Kerry announced a plan to end U.S. public international fossil fuel financing at the World Economic Forum today. Read More
BlackRock’s Big Problem Responds to Larry Fink’s 2021 Letters
With close to $9 trillion in assets under management, BlackRock has expansive power and responsibility to push for a sustainable future. Read More