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Friends of the Earth Statement on Senate Confirmation of Ben Black to Lead U.S. International Development Finance Corporation
Ben Black’s confirmation signals a dangerous shift at DFC from its focus on development toward profit-first investment.
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International alliance drives a 78% drop in international fossil fuel finance
International public finance for fossil fuels from 40 signatories of the Clean Energy Transition Partnership (CETP) has fallen by up to 78%.
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Lawsuit to stop Trump’s illegal LNG giveaway
The U.S. Export-Import Bank ignored its own charter and applicable laws to push through this risky nearly $5 billion project financing approval before Congress or the public could weigh in.
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Friends of the Earth International members sue EXIM for unlawfully approving $4.7B to support disastrous Mozambique LNG project
There are legal procedures and processes in place to ensure the U.S. Export-Import Bank does not waste taxpayer dollars on risky projects plagued by violent insurgencies.
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Export-Import Bank Seemingly Loses Logic on Coal
The US Export-Import Bank aligned with the Trump administration’s executive order on coal in a unanimous board of directors vote this week.
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Trump’s executive order on coal will make Americans sicker
The latest energy directives from the Trump administration seek to subsidize coal in an effort to bring back an obsolete, centuries-old fossil fuel.
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Export-Import Bank Set to Approve Disastrous Mozambique LNG
The board of directors at the U.S. Export-Import Bank is scheduled to approve nearly $5 billion in support for Mozambique LNG, owned and operated by Total Energies. Grave concerns exist about this pro…
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EXIM Sends Late Christmas Gift to Exxon, Approving Guyana Gas Deal
Today the US Export-Import Bank quietly voted on and presumably awarded a $526 million loan agreement to ExxonMobil and partners for a massive gas project in Guyana.
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U.S. Misses the Mark on Fossil Fuel Finance Agreement
Today at the conclusion of the OECD Export Credit Group negotiations, participating nations failed to reach an agreement on fossil fuel finance, despite scientists’ repeated calls for urgent climate…