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U.S. International 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.

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.

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