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Pressure is building on the Export-Import Bank of the United States (US Exim) to formally cull support for oil and gas, after the Biden administration called for an immediate end to overseas fossil fuel financing. In a diplomatic cable sent to US embassies earlier this month, a leaked version of which has been seen by . ....
The policy contains significant exemptions, including for compelling national security concerns, foreign policy considerations or the need to expand energy access in vulnerable areas. ....
The directive bars US govt backing for future ventures, potentially affecting billions of dollars in annual funding.. Read more at straitstimes.com. ....
Ahead of the first meeting of this group of signatories expected today, a group of 57 civil society organizations from every continent sent a letter to the UK government with recommendations for how to ensure the commitment is effective. ....