Applaud Biden's Push to End Overseas Fossil Fuel Funding

We celebrate President Biden's bold move to lead an international effort to eliminate funding for overseas oil and gas projects through export credit agencies. This historic initiative represents a vital step toward curbing global fossil fuel dependency and aligns with the urgent need to combat climate change.

Under this proposal, export credit agencies—key players in financing energy infrastructure—would cease funding oil and gas ventures, following the successful precedent of ending coal finance. By advancing this agreement within the Organization for Economic Cooperation and Development (OECD), the Biden administration sets a powerful example for climate-conscious governance and sustainable development.

This decision not only builds on prior achievements in limiting coal project financing but also paves the way for renewable energy investment and innovation globally. Such measures are crucial to ensuring a just energy transition and reducing the environmental impact of fossil fuel reliance.

Sign our petition to thank President Biden for his leadership in prioritizing climate action and working toward a sustainable future for all. Let’s support this vital push to protect our planet and build a greener, more equitable world.