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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. Read More
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. Read More
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 project including unsettling reports on severe human rights violations linked to security of the gas project. Read More
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. Read More
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 action. Read More
Global NGOs File Complaint with UN Program Over Support for “Corporate Greenwashing” Initiative
COLOMBIA – Today, a global group of NGOs and rights holders — including Rainforest Action Network, Third World Network, the Forests & Finance coalition, Indigenous Environmental Network, WECAN, Bank Track, Global Forest Coalition, Friends of the Earth International and other NGOs — have filed a complaint with… Read More
EXIM Finances $690 million for Malaysia Petrochemicals as US Scrambles to Prove Climate Chops for COP29
The US Export-Import Bank (EXIM) voted to approve a massive financing deal for a petrochemical project in Malaysia, compromising US’ climate pledges in advance of the UN Climate Change Conference (COP29) in November. Read More
Advocates Urge Federal Government to Invoke Its Power Stop Funding Overseas Climate-Changing Projects
Although the Biden Administration has committed to ending all federal funding for overseas fossil fuel projects, EXIM continues to undermine this crucial assurance by providing billions in public funds to fossil-fuel projects worldwide. Read More
Climate Activists Mark President Ajay Banga’s Bullish First Year
Friends of the Earth U.S. and partners marked Ajay Banga’s first year as president of the World Bank Group by exposing the Wall Street ties that are stymieing climate action at the financial institution. Read More
Hundreds Gather for World Bank/IMF Action Day to Say: For People, For Planet – Decarbonize, Decolonize!
On the 80th anniversary of the Bretton Woods Institutions, hundreds rallied and marched to demand the World Bank Group and the International Monetary Fund make deep changes to their business as usual in the name of climate, human rights, and economic and global justice. Read More