Oil Change International publishes upwards of 20 reports and briefings every year focused on supporting the movement for a just phase-out of fossil fuels.
This new legal opinion finds that export credit agencies could be in violation of their international legal obligations if they do not take action to reduce their financing of fossil fuel-related activities imminently.
OECD countries support coal-fired power plants abroad by providing preferential financing through institutions called Export Credit Agencies (ECAs). These coal-fired power plants have significant costs, in the form damages to the health of local populations from air pollution, and the cost of climate-change causing emissions. This report finds that support for coal-fired power plants from the ECAs of OECD countries is implicated in tens of billions of dollars in local health impacts and climate change pollution each year.
