EXIM support and the Pemex Ocean fire

(Climate Change News, Broadstairs, 14 July 2021) Campaigners have called on the US to review its longstanding support for Mexico’s state-owned oil and gas company after a gas leak from one of its pipelines set the ocean on fire in the Gulf of Mexico.  The US export credit agency Exim bank has provided $16.14 billion in loans and guarantees to Pemex since 1998, with recent funds going to the site of the fire. For 76 years, the company has received billions of dollars in support from the US export credit agency, the Export–Import Bank (Exim), despite warnings of safety and environmental concerns.