John -
It’s just been revealed that U.S. institutions and development banks are still putting billions of public funds into fossil fuels abroad.1
They should fund, clean, safe and affordable renewable energy with that money instead.
President Biden promised to be the climate president.2 So we’re calling on the him to step in and pressure these institutions to stop.
We’ve made it really easy for you to reach President Biden through our simple one-click form.
The U.S.-controlled World Bank puts $1.2 billion a year into coal, oil, and gas. As of last month, the U.S. Export-Import Bank (EXIM) has already approved $500 million for an oil and gas project in Bahrain. And is likely to approve billions for gas in Papua New Guinea and fossil fuel projects in Guyana.3
A commitment from big U.S. financial institutions to move public money from fossil fuels to renewable energy could influence other rich countries — and the development banks they fund.
U.S. officials from government and big institutions are heading to critical international finance meetings this week.
How and what to spend money on is the agenda. Now is the perfect time to ask President Biden to add pressure. Will you take action now?
We have the tools and resources we need to give everyone safe, clean, healthy energy without fossil fuels. We just need the money to switch to renewables.
By joining together with people from all walks of life, we can hold our leaders accountable and take the power away from CEOs of oil corporations.
If we put those funds into clean energy like solar and wind instead, we can build the world we want to see — one that’s safe and healthy for people, communities, and nature.
Onwards,
- Team 350
1,3 - Oil Change International
2 - CNBC
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350.org is a global movement that fights for a just and equitable world by stopping the fossil fuel industry from continuing to destroy our climate.