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House approves EXIM reauthorization that allows uninhibited support for climate polluting projects

The U.S. House of Representatives today voted to approve the United States Export Finance Agency Act of 2019, putting the chamber’s stamp of approval on a 10-year reauthorization of the U.S. Export-Import Bank (EXIM)—the U.S. Government’s largest source of public financing for overseas fossil fuel projects.

Trump files to leave Paris

The Trump administration today filed paperwork to begin the formal process of withdrawing the U.S. from the Paris Climate Agreement. 

EXIM Bank reauthorization could mean ten years and billions of dollars for dirty fossil fuel projects

 The House Financial Services Committee today is considering the reauthorization of the U.S. Export-Import Bank. Should the mark up of H.R. 4863, the United States Export Finance Agency Act of 2019, be approved by the committee, the ten-year reauthorization could allow the bank to finance billions of dollars in fossil fuel projects overseas.

As world leaders discuss climate action, U.S. government finances massive LNG project that will cause climate chaos

The U.S. Export-Import Bank’s (EXIM) Board of Directors today voted to provide $5 billion in financing for a liquid natural gas (LNG) project in Mozambique, making it the largest federal subsidy for a fossil fuel project in the bank’s history.

OPIC votes to accelerate climate crisis

The board of directors of the Overseas Private Investment Corporation late yesterday approved $450 million in financing for a series of unconventional oil and gas projects in Argentina’s Vaca Muerta region.

Members of Congress, Argentinian and U.S. groups call on OPIC to reject financing for fracking in Argentina

The environmental and social impacts of these projects will hurt public health and the water, land, and air. In fact, the U.N. Committee on Economic, Social, and Cultural Rights has urged Argentina to reconsider the exploitation of Vaca Muerta because of its social and environmental impacts on current and future generations.

$5 billion in EXIM financing for Mozambique LNG plant fuels U.S. contribution to climate emergency

The U.S. Export-Import Bank’s (EXIM) Board of Directors today voted to approve $5 billion in financing for a liquid natural gas project in Mozambique.

As Finance Committee Considers Ex-Im Reauthorization, Congress must end fossil fuel financing

The House Financial Services Committee today will consider a bill to reauthorize the Export-Import Bank, the U.S. government’s official export credit agency. The Ex-Im Bank is one of the largest sources of federal financing for fossil fuel projects abroad.

Congress must stop Export-Import Bank from financing fossil fuel projects abroad

As Congress considers the reauthorization of Ex-Im Bank, it is a rare opportunity to restrict U.S. financing of fossil fuel projects overseas. Any reauthorization must place a moratorium on the billions of dollars in support the bank provides for coal, oil and gas projects around the world.

European Commission VP’s Visit Adds Fuel to the Climate Fire

Maroš Šefčovič, the European Commission's vice president for the energy union, today held a meeting with the U.S. Chamber of Commerce, capping off a trip aimed at securing long-term fossil fuel energy exports from the United States.