The report calls on financial institutions to adopt the Banks and Biodiversity No Go policy as a means towards safeguarding the most special and unique ecosystems on Earth.
I write regarding extensive media reports of corruption investigations and legal actions being taken in connection with the EXIM-financed Kusile coal plant in South Africa.
The undersigned leaders of environmental organizations write in support of President Biden nominating John Stanton as Chairman of the Export-Import Bank (EXIM)
FoE US submits this written evidence to answer “the extent to which the Government has made progress on implementing the Committee’s recommendations, particularly those on ... the use of ODA to support fossil fuels.”
We are writing to bring to your attention the attached legal opinion on Export Credit Agencies’ (ECAs’) financing for fossil fuel projects.
We are gravely disappointed to hear you back-track as you did last week in your conversation with IMF Managing Director Kristalina Georgieva when you said that “gas will be a bridge fuel.”
We urge the Biden Administration to act swiftly to end new financing for all parts of the fossil fuel supply chain (including for gas), stop new U.S. fossil fuel support within 90 days across all government institutions, and work with other nations to end fossil fuel financing.