The two U.S. export credit/investment insurance agencies (ECAs), the Overseas Private Investment Corporation (OPIC) and Export-Import Bank of the United States (Ex-Im), are world class climate destabilizers: From 1992-98, these two agencies together underwrote $23.2 billion in financing for oil, gas and coal projects around the world; these projects will, over their lifetimes, release 29.3 billion tons of carbon dioxide. This figure is slightly greater than all global emissions for 1996. This investment in fossil fuels far outpaces those of some multilateral development banks, such as the European Bank for Reconstruction and Development ($1.2 billion and 6.5 billion tons of CO2 from 1992-97 ) and rivals that of the World Bank ($13.6 billion and 37.5 billion tons of CO2 from 1992-98).
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- Making Windmills out of Warplanes
- The Fight to Keep Toxic Mining—and the World Bank—Out of El Salvador
- Drilling Through the Noisy Climate Debate
- While We March for the Climate, Governments Meet with Polluters
- Darden’s Golden Goodbyes
- COMBAT VS. CLIMATE: The Military and Climate Security Budgets Compared
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- The One Percent at State U
- A Call for the Building of an Alternative Legal Framework to the International Investment Treaties: favoring the Public Interest while doing away with Transnational Corporate Impunity
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