Megan Cahill
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Megan Cahill
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📢🚨 CALL TO ACTION TODAY ⏰

OECD countries are negotiating an agreement to end $41 B in fossil-fuel export finance. This agreement would be BINDING, no matter the US presidential administration, but Biden needs to champion this agreement for it to pass.

WE NEED YOU TO TELL BIDEN TO DO THIS!

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As world leaders gather in Baku to negotiate global climate finance, a last- chance opportunity for the Biden administration to cement a global win on climate is emerging. This week, OECD governments are in Paris negotiating an agreement that could put an end to $41 billion in annual oil and gas export finance - and crucially, this deal would be immune to political reversals, even under the future Trump administration. This would be an essential stepping stone towards helping unblock wider discussions on the trillions in grant-based climate finance rich countries owe to the Global South. The proposed OECD agreement would be particularly powerful because of its binding nature. It could only be undone if all negotiating countries agreed to reverse course - making it effectively "Trump-proof" Make-or-break moment For Biden, as outgoing President, this represents a final opportunity to fulfill his 2021 executive order promising to end international fossil fuel finance. The majority of OECD countries, including the EU, UK, Canada, Norway, New Zealand, and Australia, have already been championing a proposal to end oil and gas export finance and are ready to reach an agreement. Biden's actions this week will make-or-break this progress.
November 21, 2024 at 3:25 PM