Biden Must Act Now to End US Funds for Fossil Fuels Abroad

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Biden Must Act Now to End US Funds for Fossil Fuels Abroad
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Kate DeAngelis is the deputy director of the Economic Policy Program at Friends of the Earth working to end public financing for fossil fuels and give a voice to affected communities. Previously, she was a research analyst at the World Resources Institute, where she focused on international climate change issues. Kate received a B.A.

The Biden administration is running out of time to fulfill its promises to stop using U.S. taxpayer dollars to finance fossil fuel projects overseas. And, as Donald Trump is about to assume the presidency, this is one of the final chances for President Joe Biden to cement his climate legacy. On November 18, member countries of the Organization for Economic Co-operation and Development will meet to consider a proposal to end support from export credit agencies for fossil fuels .

The escalating severity of these climate disasters must be a wake-up call our leaders can no longer ignore: Taxpayer financing for overseas fossil fuel projects must end now. And, the support for this climate action is strong: Over 250 civil society organizations have called on OECD member states to end public oil and gas funding.

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