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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 Ch…
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Adding Fuel to the Fire: Export Credit Agencies and Fossil Fuel Finance
The Export Credit Agencies (ECAs) of G20 countries continue to be a significant source of support for fossil fuel projects around the world.
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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.
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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.
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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-…
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OPIC Rovuma LNG Comments
OPIC and its successor, the U.S. International Development Finance Corporation (DFC), aim to provide finance in order to alleviate poverty, but it remains unclear how Rovuma LNG will actually accompli…
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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.
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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…
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EXIM should not fund detrimental natural gas project in Mozambique
An obscure government agency, the U.S. Export Import Bank (EXIM), will decide this week whether or not to fund a $5 billion liquefied natural gas (LNG) investment, the agency’s largest transaction e…
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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…