The Obama Administration is supporting skyrocketing export subsidies for dirty fossil fuels through the United States Export-Import Bank (Ex-Im Bank). The subsidies, revealed in the newly released Ex-Im Bank 2012 Annual Report, are significantly larger than ever before and dwarf the U.S. funds provided for developing countries to address climate change.
Three conservation groups initiated a legal challenge today to the U.S. Export-Import Bank’s nearly $3 billion in financing for two massive fossil-fuel facilities in Australia’s Great Barrier Reef. Construction and operation of the liquefied natural gas (LNG) facilities will threaten dugongs, sea turtles, saltwater crocodiles and numerous other protected marine species within the Great Barrier Reef World Heritage Area.
Despite protests from Pacific Environment and a coalition of conservation organizations, the Environmental Protection Agency (EPA) went ahead and granted Royal Dutch Shell special treatment. In response to Shell’s request for a waiver from current air pollution regulations, the EPA issued a one-year air pollution permit that will allow Shell to violate the Clean Air Act and exceed air pollution limits in the Arctic. This only increases the likelihood that Shell will receive the final permit it needs to start drilling for oil in America’s Arctic. Take action now.
“We have been forced into court to make sure the Arctic Ocean is protected and Shell is prepared, as mandated by law. The Federal Government rubber-stamped plans that rely on unbelievable assumptions, include equipment that has never been tested in Arctic conditions, and ignore the very real possibility that a spill could continue through the winter. The agency has not met minimum legal standards to be sure that Shell’s plans could be effective and that Shell has sufficient boats, resources, and spill responders to remove a ‘worst-case’ oil spill in the Arctic Ocean to the ‘maximum extent practicable.’ Even after Deepwater Horizon, Interior Secretary Salazar brushed aside concerns about Shell’s spill response capabilities, stating recently that ‘there is not going to be an oil spill.’
WASHINGTON, DC – The Board of Directors of the Export-Import Bank (Ex-Im Bank), a federal government trade promotion agency, voted to provide $90 million in financing to the top U.S. coal exporter, Xcoal Energy & Resources, to export coal to China and other Asian countries. The vote to subsidize coal exports follows a decrease in U.S. demand … Read more
Today the U.S. Senate passed H.R. 2072, a bill to reauthorize the federal government’s Export-Import Bank (Ex-Im Bank), which provides billions of dollars in public financing for harmful fossil fuel projects worldwide.[1] Passage of the bill will allow the agency to increase its portfolio cap from $100 billion to $140 billion., and it now moves to President Obama’s desk to sign into law.
Pacific Environment is pleased to announce that Caroline Cannon will receive the Goldman Environmental Prize this evening in San Francisco. We nominated Ms. Cannon for this prestigious award for her efforts to protect her Arctic homeland from offshore oil and gas development.
Pacific Environment’s “Save America’s Arctic Seas” campaign was honored with a Business Ethics Network’s 2011 BENNY Award, which recognizes some of the most brilliant corporate campaigns for their contributions to the advancement of corporate ethics.
Pacific Environment has named Alex Levinson as our new Executive Director.
After seven years as Executive Director of Pacific Environment, a San Francisco-based nonprofit organization, David Gordon has accepted the position of Senior Program Officer for Environmental Programs at the Margaret A. Cargill Foundation in Minnesota. He will assume his new role November 1st.
