International Sustainable Finance
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Comments on IMF Surveillance Guidance
The IMF should adopt a ‘do no harm’ approach and commit to ensuring that IMF policy recommendations do not actively exacerbate inequalites.
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Letter to EXIM Bank on Pemex
Friends of the Earth writes in strong opposition to the proposed support for Petróleos Mexicanos (Pemex), the Mexican state-owned oil company.
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Report: IMF must curb its support for fossil fuels
A new report shows that the International Monetary Fund continues to undermine its own climate commitments through support for fossil fuels.
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Biden Sides with Big Oil Barons and Wall Street in EU Gas Deal
President Biden’s decision to supply the EU with LNG exports won’t alleviate the crisis in Ukraine and will spell danger for the climate.
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Amid Fossil Fuel Industry’s False Rhetoric, Sarah Bloom Raskin Withdraws Nomination to Federal Reserve
By knifing her confirmation, Senate Republicans and Joe Manchin have shown once again that they care more about their fossil fuel benefactors than the climate.
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Letter to EXIM on Domestic Financing
If EXIM provided domestic support for the fossil fuel industry as it did for Freeport LNG, such financing would undercut the Biden-Harris Administration’s climate commitments.
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Letter to EXIM on Refinery Expansion in Indonesia
As the main purpose of the refinery is to produce gasoline and diesel, EXIM support for this project would be in violation of President Biden’s climate executive orders and plans.
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Letter to EXIM on Malaysia Petrochemical Project
Friends of the Earth United States (FOE) writes to express deep concern for EXIM’s consideration of Pengerang Energy Complex (PEC) Petrochemical Project in Penerang, Johor, Malaysia.
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U.S. allows financing for new oil project at IDB Group Board, contradicting climate policies
The U.S. government’s ineffective guidance on fossil fuel financing at MDBs reflects its unwillingness to rigorously act on climate
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Submission on the 2021 Development Policy Financing (DPF) Retrospective
DPFs make up a significant portion of World Bank financing, representing 26 percent of overall Bank financing in the latest Retrospective period covering July 2015 to June 2021.