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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
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 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
International Grassroots Leaders Call On Treasury Department To Center Their Voices
Today, grassroots leaders sent a letter urging the Treasury Department to center demands of global grassroots movements in its new fossil fuel financing guidance. Read More
Treasury guidance fails to end U.S. support for fossil fuel spending overseas
Today, the US Treasury Department released guidance outlining the US government’s voting position on fossil fuel projects at multilateral development banks (MDBs) in which it participates, like the World Bank Group (WBG) 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
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