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.
Today the White House released the first Roadmap to Build a Climate-Resilient Economy, required under President Biden’s Executive Order on Climate-Related Financial Risk.
Today, 77 groups sent a letter to World Bank Governors and Executive Directors calling for President David Malpass to be replaced for failing to take adequate action on climate change.
Today, grassroots leaders sent a letter urging the Treasury Department to center demands of global grassroots movements in its new fossil fuel financing guidance.
The U.S. government has spent more than $44 billion on fossil fuel projects overseas over the last decade.
EXIM continues to invest in projects with severe environmental impacts, human rights abuses, and detrimental effects on local communities and public health.
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.