"Today’s announcement by President Biden on international fossil finance is welcome but the lack of firm commitments falls short. We urge the Biden administration to add a clear commitment to an immediate phase-out, with no loopholes for gas or any...
Increased emissions under President Joe Biden would be equivalent to more than doubling existing emissions from U.S. coal plants if the U.S. moves ahead with 21 major fossil fuel infrastructure projects pending review by the Biden Administration.
The Build Back Fossil Free campaign rallied ahead of U.S. President Joe Biden’s remarks at the United Nations climate summit today in Glasgow, urging Biden to take executive action to stop fossil fuel projects.
This increases the number of signatories to 30 and the annual average of potential public finance shifted out of fossil fuels and into clean energy to at least USD 23.6 billion per year. This equals 37% of annual public finance...
Today’s announcement comes after the Netherlands, Germany and Spain confirmed their participation in the initiative earlier this week and alongside confirmations from Belgium and Sri Lanka today. The French development bank — AFD — had already signed up to the...
"The only effective response to today’s compounding crises is for global leaders to support the efficiency and clean energy solutions that can replace these dirty fuels and eliminate the need for any new LNG infrastructure," said Laurie van der Burg.
"President Biden and world leaders must do everything in their power to end the fossil fuel era and move the United States and the world to 100% renewable energy as quickly as possible," said Collin Rees.
Campaigners around the world take action to urge leaders to deliver on their pledge to fully shift international public finance from fossil fuels to clean energy ahead of the COP27 deadline.
A week before the international climate summit in Egypt, the Dutch Government breaks a major climate promise it made last year to end public financing for international fossil fuel projects.
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.
