Ottawa | Traditional, unceded territory of the Algonquin Anishinaabeg People – United States President Joe Biden has just issued a new policy which orders an immediate halt to public financing of high-carbon-emission industrial projects overseas. Though imperfect, the policy will likely bring an end to billions of dollars in annual funding for fossil fuel projects.

The Government of Canada should follow the U.S.’s lead. At COP26, Canada joined other international leaders in announcing an end to support for overseas fossil fuel projects by the end of 2022. Canada doesn’t have to wait a year to follow through on the pledge. The Government of Canada should introduce a policy to immediately end this support in lockstep with the U.S.

ABOUT ENVIRONMENTAL DEFENCE ( Environmental Defence is a leading Canadian environmental advocacy organization that works with government, industry and individuals to defend clean water, a safe climate and healthy communities.

Additional information

– 30 –

For more information or to request an interview, please contact:

Barbara Hayes, Environmental Defence,