News
Report: G20 Governments Bankrolling the Fossil Fuel Industry by at least $77 Billion a Year

A new report released by Friends of the Earth U.S. and Oil Change International reveals G20 countries have provided at least $77 billion a year in public finance to oil, gas and coal projects since the Paris Climate Agreement.

G20 Nations Throwing Billions at Fossil Fuel Industry through Export Credit Agencies

A network of secretive, government-backed financial institutions called export credit agencies are handing more than $31 billion USD per year to the oil, gas, and coal industry, new analysis by Oil Change International and Friends of the Earth U.S. shows.

Latest Congressional funding deal is a massive failure for the environment

This is a monumental failure of leadership. Bad deals like this are not why we send Democrats to Washington.

Minibus extends Ex-Im Bank for seven years

The Export-Import Bank cannot continue providing billions to fossil fuel projects that wreak havoc on the climate and local communities.

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.