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      export import bank

      Spirit of Hela is seen transmitting LNG from Papua New Guinea

      Green Groups Urge US Credit Agency to Oppose Papua New Guinea LNG Project

      "Rising sea levels, extreme weather events, and environmental degradation are already threatening many people's existence and threatening our way of life," said one local, warning the project will worsen the climate crisis.

      Jessica Corbett
      Aug 29, 2023

      More than two dozen advocacy groups from Papua New Guinea, the Asia Pacific region, and the United States on Tuesday urged the U.S. export credit agency to reject a liquefied natural gas project that they warned "presents significant financial risks and opportunity costs, as well as harmful climate impacts."

      The groups—including the Center for Environmental Law and Community Rights Inc. (CELCOR), Food & Water Watch, Friends of the Earth (FOE) United States, Global Witness, Oil Change International (OCI), and Sierra Club—wrote to U.S. Export-Import Bank (EXIM) Chair Reta Jo Lewis about the Papua LNG project led by TotalEnergies.

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      liquefied natural gas
      Pipes for a new LNG pipeline

      Green Groups Blast Biden Over 'Taxpayer-Funded Bailouts' for LNG Industry

      "This is an insult to the communities forced to bear the brunt of LNG buildout and the devastating impacts of climate disasters fueled by fossil fuel dependence," said a Sierra Club campaigner.

      Jessica Corbett
      Jul 14, 2023

      Green groups on Friday called out the Biden administration after the U.S. export credit agency approved lending support for Trafigura, a major commodities trader, that will enable a surge in gas exports to Europe even as the climate emergency driven by the fossil fuel industry rages worldwide.

      "Despite posting record-breaking profits, Trafigura just received a massive giveaway from the U.S. government that will let them work with the biggest liquefied natural gas (LNG) exporters in the world to drive up energy prices for Americans and fund stock buybacks for their investors," said Sierra Club's Talia Calnek-Sugin in a statement.

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      climate emergency
      Smoke rises due to a fire at a Pertamina refinery in Cilacap, Indonesia

      Biden Accused of Breaking Key Climate Pledge After Ex-Im Bank Backs Indonesia Oil Refinery

      "This dirty refinery would threaten the air, land, and water of communities in Indonesia, making a mockery of Biden's purported commitment to environmental justice," said one climate campaigner.

      Jake Johnson
      May 12, 2023

      Climate groups accused President Joe Biden of violating his pledge to end public financing for international fossil fuel projects after the U.S. Export-Import Bank voted Thursday to approve a $99.7 million loan for an Indonesian oil refinery.

      The Export-Import Bank's (EXIM) board of directors, chaired by Biden appointee Reta Jo Lewis, said the loan would "support facility expansion and fuel efficiency and safety upgrades" at a Balikpapan refinery run by Pertamina, Indonesia's state-owned oil company.

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      indonesia oil refinery
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