The Reko Diq project is located in Pakistan and is expected to be one of the world’s largest suppliers of transition metals.
Protecting progress on ending fossil fuel finance and unlocking clean energy support
Since 2022, over $19.2 billion in U.S. federal financing for mineral mining projects has been approved or is under consideration.
On March 13, 2025, the “acting” Board of Directors of Defendant Export-Import Bank of the United States (“EXIM”) unlawfully approved a $4.7 billion loan—one of the largest direct loans in its history—to subsidize a foreign corporation’s construction of a massive, highly controversial liquefied natural gas (“LNG”) project (“the Project”) in Mozambique.
Plaintiffs Friends of the Earth U.S. and Justiça Ambiental bring this action against Defendants Export-Import Bank of the United States (“EXIM”) and its “acting” Board of Directors.
The Reko Diq project is located in Pakistan and is expected to be one of the world’s largest suppliers of transition metals.
UKEF must conduct comprehensive new due diligence — including a human rights and environmental assessment with public consultation.
A new report from Friends of the Earth US explores how China's ECR framework can inspire global financial institutions, particularly Chinese banks, to adopt exclusionary financing policies in their investments.
A new report from Friends of the Earth US explains how banks and financiers must align with the GBF and develop a biodiversity plan.
The US Export-Import Bank (US EXIM) is considering financing for international fossil fuel projects with lifetime emissions equivalent to more than 5,058,556,750 tonnes CO2e.