Public Energy Financing Overseas Archives

Public Energy Financing Overseas

As part of our international sustainable finance campaign, we track government-backed institutions that fund energy projects overseas. We work to end public financing of fossil fuels and to give a voice to affected communities.

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Biden breaks major international climate promise as other countries make good on commitment to end fossil fuel finance

The Biden Administration has broken a major promise to end its international public finance for fossil fuels, a new report by Oil Change International highlights.

Friends of the Earth Denounces Biden’s Pick to Lead World Bank

Today President Biden announced that he will nominate Ajay Banga to be President of the World Bank, on the heels of current World Bank President David Malpass’s announcement of resignation one week ago.

Report: Despite 2021 funding cuts, international public finance for fossils could rebound if gas is excluded from US climate policy

New research released today by Oil Change International and Friends of the Earth U.S. reveals that in 2021, G20 countries and major multilateral development banks continued their preferential financing of fossil fuels.

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Latest Blog Posts See All
The hidden flows of finance to fossil fuels: World Bank and IMF edition
The hidden flows of finance to fossil fuels: World Bank and IMF edition

The U.S. government has spent more than $44 billion on fossil fuel projects overseas over the last decade.

One Disaster After Another: Will EXIM Chairman Reed Ever Learn?
One Disaster After Another: Will EXIM Chairman Reed Ever Learn?

EXIM continues to invest in projects with severe environmental impacts, human rights abuses, and detrimental effects on local communities and public health.

Why $77 billion a year in public finance for oil, gas, and coal is even worse than it sounds
Why $77 billion a year in public finance for oil, gas, and coal is even worse than it sounds

The headline finding is that from 2016 to 2018 G20 countries provided an average of USD $77 billion a year in public finance for fossil fuels.

Resources See All
  • Oil and Gas Restrictions under the OECD Arrangement on Officially Supported Export Credits
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  • December 2022 Comment Letter to DFC
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  • Comments on DFC’s Development Outcomes Survey
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