Export credit agencies — including Ex-Im Bank — are collectively the largest source of public financing for coal and other fossil
fuel projects abroad.
The bank is set to spend billions of dollars on fossil
fuel projects abroad, including $ 14 billion on pending oil and gas projects.
While recognizing that fossil fuels pollute local air and water and contribute to climate change in their own countries, these and other OECD countries seem to disregard the impact of their fossil
fuel projects abroad.
Instead of financing dirty fossil
fuel projects abroad, Japan should take advantage of these resources and invest in clean and sustainable renewable projects both at home and abroad.
ECAs provide billions of dollars in financing to increase their respective countries» exports, including financing to construct fossil
fuel projects abroad.
- South East Green: U.S. Sending $ 6 Billion to Subsidize Fossil
Fuel Projects Abroad.
Not exact matches
«While Americans have rallied in support of clean renewable energy at home, the U.S. Export - Import Bank has made it a priority to handout money to fossil
fuel companies to work on
projects abroad,» said Kate DeAngelis of Friends of the Earth U.S. «If Trump gets his way, U.S. Export - Import Bank will become a slush fund for Big Oil's plans to accelerate climate change.