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This U.S. Agency Lent Nearly $1 Billion to Fossil Fuel Projects in 2023

While much of the country was occupied last week with holiday travel and time with family, a little-known government agency approved a $90 million guarantee for ING Capital to finance a liquified natural gas export facility in Texas. All told this year, that agency—the U.S. Export-Import Bank—has approved nearly $1 billion in fossil fuel lending, including $100 million for expanding an oil refinery in Indonesia and $400 million of insurance for revolving credit facilities to help commodity tradi ....

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Budget Speech – 2024 A Prelude to the Stable Future - Business News

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