News Archive


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

Biden breaks major international climate promise as other countries make good on commitment to end fossil fuel finance

The Biden Administration has broken a major promise to end its international public finance for fossil fuels, a new report by Oil Change International highlights. 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

Report: Despite 2021 funding cuts, international public finance for fossils could rebound if gas is excluded from US climate policy

New research released today by Oil Change International and Friends of the Earth U.S. reveals that in 2021, G20 countries and major multilateral development banks continued their preferential financing of fossil fuels. 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

Amos Hochstein: Diplomat or Fossil Fuel lobbyist?

Friends of the Earth filed a Freedom of Information request targeting the entanglements of Amos Hochstein, Senior Advisor for Energy Security. 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

Biden Sides with Big Oil Barons and Wall Street in EU Gas Deal

President Biden's decision to supply the EU with LNG exports won't alleviate the crisis in Ukraine and will spell danger for the climate. 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

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