US, South Korea, and Japan fail to follow suit The European Union, the United Kingdom, and Canada are ready to be climate leaders by proposing phasing out fossil fuel finance through Export Credit Agencies at the OECD. This move reflects a commitment to aligning public financing with climate goals and the urgent need to transition to clean energy.
Over 250 organizations from 30 countries call on governments to support fellow OECD members' efforts to end oil and gas export finance at OECD meeting on 6 November 2023.