The talks are taking place within the Organization for Economic Cooperation and Development, or OECD, a group of 38 wealthy countries that coordinate on export credit terms to prevent any one country from distorting trade relations. The countries are trying this month to hash out a verbal agreement on how to regulate their export credit agencies.
If such an agreement comes together, it would force a sea change in policy for the United States’ own export credit agency, which is known as the Export Import Bank of the United States, or EXIM. This independent agency is among the last remaining channels through which the U.S. government provides financial support to fossil fuel interests overseas.
I feel like sometimes people just read the headline, grab for the most near-at-hand thought pattern that corresponds to it within their collection of prejudices, and click "Send."
There's also some discussion of what Biden did earlier in his administration, how the industry responded, why they're trying to accelerate getting this into place right now, and so on. It's actually a lot more complex than the headline. Who knew.
Trump won't care if it sours relations with other signees he'll just roll it back regardless of the impact, unless of course they make one of the resolutions that everyone agrees Donald Trump is the best leader ever.