Spain’s export credit agency restricts fossil fuel finance, but leaves major gas loopholes
Policy falls short of a major pledge Spain made at the 2021 COP26 UN climate summit to stop financing fossil fuel projects.
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Policy falls short of a major pledge Spain made at the 2021 COP26 UN climate summit to stop financing fossil fuel projects.
Today, the United Arab Emirates launched its COP28 presidency and placed the chief of the Abu Dhabi National Oil Company (ADNOC) at the head of this year’s climate talks, amid deep civil society apprehension of this major conflict of interest.
“The Senate’s rejection of this dangerous bill is a resounding victory for environmental justice communities and the climate,” said Rees.
Aotearoa New Zealand has released a new policy to live up to its 2021 COP26 UN climate summit commitment to end international finance for fossil fuels, including oil and gas, by the end of 2022.
Today the Government of Canada released a plan to end new public finance for fossil fuels abroad and instead prioritize clean energy projects.
"We’ve defeated Manchin's dirty deal twice so far, and we’ll do it as many times as we must until communities and the climate are safe from rampant oil and gas expansion," said Collin Rees.
New figures show that despite pledging to end its international public finance for fossil fuels by the end of 2022, the German Government is considering finance for ten major fossil fuel projects located all over the world.
"Fast-tracking giveaways to the fossil fuel industry is the opposite of climate leadership, and we won't stop fighting to protect our communities and the climate," said Collin Rees.
Leaders of over 20 top advocacy groups sent a letter to Nancy Pelosi, Chuck Schumer, and Joe Biden urging them to abandon attempts to pass Joe Manchin's "dirty deal."
Members of Congress and climate justice advocates will rally Tuesday morning outside the Cannon House Office Building to oppose U.S. Senator Joe Manchin's so-called 'permitting reform' bill, a massive giveaway to the fossil fuel industry.