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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.
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Big Oil Tax Giveaway Fact Sheet
In December 2017, Trump signed into law one of the biggest giveaways to corporations and billionaires in U.S. history: the so-called Tax Cuts and Jobs Act.
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UNESCO Biosphere Letter – Mozambique LNG
We are deeply concerned about the harmful impacts on the critically endangered species and unique ecosystems of Quirimbas Biosphere Reserve, as well as the negative effects on local communities and th…
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New Report Reveals How Governments Could Support up to 15 New Coal Plants Despite International Restrictions
From 2013 to 2015, the world’s largest ECAs provided an annual average of USD 38 billion in support of fossil fuels. Eighty-eight percent of ECA support for energy projects went toward fossil fuels…
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Japan Supports Millions of Tons of Carbon Pollution
Friends of the Earth U.S. today revealed that the Japanese government’s two export credit agencies — Japan Bank for International Cooperation (JBIC) and Nippon Export and Investment Insurance (NEX…