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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

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

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