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Oil Change International Reaction to New U.S. Fossil Fuel Energy Guidance for the Multilateral Development Banks
August 17, 2021
WASHINGTON, Aug. 17 (TNSPol) -- Oil Change International issued the following statement on Aug. 16, 2021:

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The U.S. Treasury Department released updated fossil fuel energy guidance for the multilateral development banks (MDBs), in line with U.S. President Joe Biden's January Executive Order 14008.

The guidance rules out U.S. support for nearly all MDB finance for coal and oil projects, including through policy-based operations and financial inter . . .

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