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Export-Import Bank Fuels Financing for Bahrain Fossil Fuel Expansion
By financing overseas fossil fuels in Bahrain and elsewhere, the U.S. Export-Import Bank is gambling with the planet and with people’s lives.
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Friends of the Earth launches legal complaint as U.S. EXIM approaches $1 billion mark for fossil fuel lending
Today, Friends of the Earth U.S. submitted an international complaint against the U.S. Export-Import Bank over its financing of overseas fossil fuel projects.
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Report: At World Bank Group, U.S. Supports Fossil Gas Financing
Two years after the U.S. Treasury issued guidance to shift financial support from multilateral banks away from fossil fuel buildout overseas, a new report the U.S. has voted to support nearly 400 mill…
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Amid U.S. Cries for Climate Action, Export-Import Bank Set to Approve Iraq Gas Project
Yet again, the U.S. Export-Import Bank is directly contradicting Biden’s climate goals by supporting yet another fossil fuel project.
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NGOs Warn Financiers of Risks Ahead of Meatpacker JBS’ NYSE Listing: “Wall Street: Steer Clear of JBS”
Several NGOs held a press conference in front of the New York Stock Exchange today warning the financial sector about the environmental and human rights risks associated with supporting and investing…
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EXIM under Biden risks repeating mistakes of Obama in supporting Papua LNG
Today, 27 environmental and civil society organizations from Papua New Guinea, the Asia Pacific region and the United States submitted a letter to the U.S. Export-Import Bank (EXIM) urging it to oppos…
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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
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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.
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Analysis Outlines How Export Credit Agencies Can Stop Bankrolling Fossil Fuels, Pursue U.S. Climate Pledges
The U.S. is failing to pursue an end for overseas oil and gas financing through the Organization for Economic Cooperation and Development Arrangement on Officially Supported Export Credits, according…
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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…