Biden Urged to Make EXIM Stop Fueling Climate Crisis

(Common Dreams, Portland, 7 August 2024) Climate advocates on Wednesday formally urged the Biden administration to instruct the United States’ export credit agency to stop financially supporting activities that are fueling the climate emergency. “Over the last two centuries, human-caused greenhouse gas emissions have led to global warming of 1.1ºC above preindustrial levels by 2020 and caused detrimental changes in Earth’s climate,” Friends of the Earth (FOE) and the Global Law Alliance for Animals and the Environment wrote to U.S. Secretary of State Antony Blinken. Their letter calls on Blinken to “make a determination pursuant to the Chafee Amendment in the Charter of the U.S. Export-Import Bank… that EXIM should deny applications for financial support for all activities and projects whose life-cycle emissions intensity substantially contributes to greenhouse gas emissions and the climate crisis.”