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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
Friends of the Earth launches legal complaint as U.S. EXIM approaches $1 billion mark for fossil fuel lending
Today, Friends of the Earth U.S. submitted an international complaint against the U.S. Export-Import Bank over its financing of overseas fossil fuel projects. Read More
Report: At World Bank Group, U.S. Supports Fossil Gas Financing
Two years after the U.S. Treasury issued guidance to shift financial support from multilateral banks away from fossil fuel buildout overseas, a new report the U.S. has voted to support nearly 400 million USD in direct fossil fuel financing at the World Bank Group alone through March 2023. 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
Analysis Outlines How Export Credit Agencies Can Stop Bankrolling Fossil Fuels, Pursue U.S. Climate Pledges
The U.S. is failing to pursue an end for overseas oil and gas financing through the Organization for Economic Cooperation and Development Arrangement on Officially Supported Export Credits, according to a new analysis led by Friends of the Earth and Oil Change International with over 175 civil society signers. Read More
Climate groups from around world call on World Bank President David Malpass to be fired
Climate change organisations under the Big Shift Coalition have called on the World Bank to fire its President David Malpass. Read More
Biden Sides with Big Oil Barons and Wall Street in EU Gas Deal
President Biden's decision to supply the EU with LNG exports won't alleviate the crisis in Ukraine and will spell danger for the climate. Read More
United States joins 20+ countries in committing to end international finance for oil, gas, and coal by end of 2022
Today the United States and 24 other countries and institutions from both developed and developing countries committed to end direct international public finance for unabated coal, oil and gas by the end of 2022 and prioritize clean energy finance. Read More