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U.S. Export-Import Bank

Biden breaks major G7 climate promise by financing Indonesian oil refinery 

May 12, 2023By Valentina StacklBlog Post, Featured, News, Press Releases

“Biden’s claims to be a climate leader are increasingly laughable after EXIM’s approval of this refinery. If he can’t be trusted to keep this relatively modest promise, how can anyone trust the United States to live up to its even grander climate promises?” asked Adam McGibbon.

Response to new U.S. guidance that could end billions in public finance for oil, gas, and coal

December 10, 2021By Collin ReesBlog Post, News, Press Releases, Stop Funding Fossils 2 Comments

“Any credible analysis of alternatives and alignment with the Paris Agreement would prevent new fossil fuel projects from being financed,” said Tucker.

Response to Biden executive order on international fossil finance

January 27, 2021By Collin ReesBlog Post, News, Press Releases, Stop Funding Fossils

“Ending international public finance for fossil fuels would be a huge boost to climate action globally. The administration must now invest serious effort and diplomatic capacity to secure this shift in international finance away from oil, gas, and coal.”

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.

U.S. Export-Import Bank Rejects Dirty Coal Plant

July 18, 2013By Elizabeth BastBlog Post, Featured

Today, in the first major test of President Obama’s Climate Action Plan directive to end financing for overseas coal projects, the U.S. Export Import rejected the financing of U.S. exports to the 1200-megawatt Thai Binh Two coal-fired power plant in Vietnam.

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