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DFC

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.

Oil Change International response to Biden Administration announcements on international finance

April 22, 2021By Collin ReesBlog Post, News, Press Releases, Stop Funding Fossils

“Today’s announcement by President Biden on international fossil finance is welcome but the lack of firm commitments falls short. We urge the Biden administration to add a clear commitment to an immediate phase-out, with no loopholes for gas or any other continued fossil support.”

Briefing: Why Congress Must Stop Blocking Climate Progress on International Finance

August 15, 2019By Collin ReesBriefings, Stop Funding Fossils, Stopping Carbon Lock-In

There is an urgent need to ensure that anti-climate riders stay out of appropriations packages for Fiscal Year 2020 as Congress and the Trump Administration continue to negotiate a spending package.

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