How Obama's climate change legacy is weakened by US investment in dirty fuel - News Summed Up

How Obama's climate change legacy is weakened by US investment in dirty fuel


Since 2009, it has financed 70 fossil fuel projects. Yet, according to our investigation, investments in overseas fossil fuel projects have tripled under Obama. “And then we watched Ex-Im’s fossil fuel financing skyrocket. Bank officials also said that despite their funding of fossil fuel projects, they are on the forefront of advancing green and climate-friendly policies. However, phone calls to about 80 US exporters affiliated with more than 20 large fossil fuel projects revealed few keep statistics tracking jobs tied to bank financing.


Source: The Guardian November 30, 2016 12:00 UTC



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