The Inter-American Development Bank is revising their safeguard policies, and they’re poised to say no to new funding for upstream oil and gas projects. Tell them that real climate leadership means ending all finance fossil fuel production - no tricks, no loopholes.
From now until August 5th is the last chance to make our voices heard.
Our research shows that multilateral development banks and G20 governments still provide USD $77 billion in public finance for fossil fuels. This support has not dropped since the Paris Agreement was reached and it is still a staggering three times larger than their support for renewable energy.
We need to see more leadership.
We already know that we can’t afford to expand fossil fuel production. We need to start winding down the oil and gas industry, not prop it up with public cash. Send your message now to tell IDB’s decision-makers: on climate change, we need the IDB to be part of the solution, not part of the problem.
Photo Credit: Mariordo