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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…
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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 t…
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Response to OPIC RE Vaca Muerta
The response provided by OPIC suggests that it is normal to address these fundamentally important issues at some later stage (which is conveniently after financing for the project is approved).
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$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.
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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 sou…
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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 billio…
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Sanders and Lee introduce tax on Wall Street greed
Senator Bernie Sanders (I-Vt.) and Rep. Barbara Lee (D-Calif.) today introduced the Inclusive Prosperity Act, which is designed to tax a fraction of a percentage on the trades of stocks, bonds and der…
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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 en…
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Senate Confirmation of Export-Import Bank Directors Means Billions More Dollars in Federal Fossil Fuel Financing
The U.S. Senate today voted to confirm three nominees to the Board of Directors of the U.S. Export-Import Bank. The confirmation allows Ex-Im to establish a board quorum, clearing the way for the bank…
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House of Representatives votes to take action on climate change
But it is not enough that the U.S. not withdraw from the global climate stage; our climate commitment under the Paris Agreement is radically out of line with what science, justice and equity demand.