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Export-Import Bank Votes to Proceed with Bahrain Project Financing in Closed-Door Process
Today the board of directors at the United States Export-Import Bank voted to notify Congress about potential financing for fossil fuel expansion in Bahrain. Read More
Amid Corruption Charges, Groups Demand EXIM Halt Payments to Trafigura
This week, Friends of the Earth United States and partners sent an open letter to EXIM, asking the bank to halt its loan of $400 million to Trafigura, a loan agreement that was approved in July 2023. Read More
Export-Import Bank Squeezes in Disastrous Freeport LNG Vote Before Close of 2023
This week, the U.S. Export-Import Bank approved $90 million for marketing a Freeport liquified natural gas project in Texas. Read More
Export-Import Bank Is Set to Approve Estonia Oil Project
President Biden cannot claim climate wins while his US Export-Import Bank is propping up a pollutive industry. Read More
Amid U.S. Cries for Climate Action, Export-Import Bank Set to Approve Iraq Gas Project
Yet again, the U.S. Export-Import Bank is directly contradicting Biden’s climate goals by supporting yet another fossil fuel project. Read More
EXIM under Biden risks repeating mistakes of Obama in supporting Papua LNG
Today, 27 environmental and civil society organizations from Papua New Guinea, the Asia Pacific region and the United States submitted a letter to the U.S. Export-Import Bank (EXIM) urging it to oppose support for the Category A Papua liquefied natural gas project. Read More
EXIM approves support for oil refinery in Indonesia despite Biden climate pledges
Today the U.S. Export-Import Bank approved almost $100 million in support for the expansion of the PT Kilang Pertamina Balikpapan Petroleum Refinery in Indonesia Read More
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. Read More
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. Read More
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. Read More