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Export-Import Bank

EXIM’s approval of Estonian oil project financing another blow to Biden’s climate promises

October 13, 2023By Valentina StacklNews, Press Releases, Stop Funding Fossils 1 Comment

“The United States can help lead a shift of billions of dollars from last century’s dirty energy into the clean, renewable energy of the future, but EXIM’s fossil fuel approvals like Liwathon are a huge step backward.”

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.

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.”

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.

U.S. Senator Jeff Merkley Introduces Pair of Bills to Halt Financial Investments in Fossil Fuels

October 21, 2020By Collin ReesBlog Post, News, Press Releases, Stopping Carbon Lock-In 1 Comment

“If banks won’t stop funding climate devastation, our government must force their hand, and Senator Merkley’s bills would force the action we need,” said David Turnbull of Oil Change International.

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  • KeepItInTheGround.org
  • StopFundingFossils.org
  • Crude-by-Rail Map
  • LofotenDeclaration.org

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