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Development Finance Corporation

Biden at risk of breaking climate promise with $500 million of public finance for LNG imports in Poland

June 1, 2023By Valentina StacklBlog Post, Featured, News, Press Releases, Stop Funding Fossils 1 Comment

Next week, the U.S. International Development Finance Corporation is likely to consider a $500 million guarantee to help Polish oil and gas company PKN Orlen increase its imports of U.S. LNG, violating Biden’s commitment to end public finance for fossil fuels by the end of 2022.

Release the Guidance: Backgrounder on U.S. International Energy Finance ahead of COP27 Deadline

October 7, 2022By Collin ReesBlog Post, Briefings, Featured, News

From 2010-2021, the United States’ trade and development finance institutions provided nearly five times as much support to fossil fuels as to renewables — over $51.6 billion for fossils compared to just $10.9 billion for renewables.

Nearly 450 Organizations Call on Biden Administration to End Public Finance for Fossil Fuels

March 18, 2021By Collin ReesBlog Post, News, Press Releases, Stop Funding Fossils 7 Comments

Over 400 organizations from 50 countries signing onto a new letter called on the Joe Biden administration to immediately end all U.S. public financing for fossil fuels, including natural gas.

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