(WTOP, Washington, 30 March 2018) Texas-based pipeline developer Energy Transfer Partners in August sued Earth First, Greenpeace and BankTrack for up to $1 billion, alleging they disseminated false and misleading information about the $3.8 billion pipeline that’s now moving oil from North...
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(BankTrack, Amsterdam, 28 March 2018) A report released today by Rainforest Action Network, BankTrack, Indigenous Environmental Network, Oil Change International, Sierra Club, and Honor The Earth, endorsed by over 50 organisations around the world, reveals that in spite of the urgent climate...
more(Handelsblatt, Berlin, 7 March 201) Turkey and Germany recently agreed to try to “normalize” their fraught relationship. Turkey had adopted hostage-taking as an instrument of foreign policy, with Germany being a target. Germany’s response was to reconsider economic aid and export credit...
more(Bloomberg, London, 1 March 2018) A consortium of South Korean and Turkish construction firms are raising 2.3 billion euros ($2.8 b) from a group of about 20 banks and South Korea's export credit agency to build a 3.1 billion euro suspension bridge and toll roads in western Turkey.
(Economist, London, 8 March 2018) At a conference in Kuwait last month, the Saudi foreign minister, Adel al-Jubeir, pledged $1bn in loans and $500m in export credit to support Iraq’s reconstruction after the war with Islamic State (IS). Saudi interest in Iraq was initially pricked by America,...
more(Defence Connect, North Sydney, 13 March 2018) The latest Stockholm International Peace Research Institute (SIPRI) report looking at trends in international arms transfers has seen Australia move up to 19th place among the top 25 largest exporters of major arms. News of the move to 19th place...
more(Xinhua, Ottawa, 21 March 2018) There are currently over 1,000 Canadian companies doing business in China, more then 600 of them supported by the EDC, the country's export credit agency which offers trade finance, export credit insurance, bonding services and foreign market expertise, EDC's...
more(International Chamber of Commerce, Paris, 6 March 2018) The 2017 ICC report draws on information from 22 member banks to present a global view of the credit risk profiles of trade and export finance transactions. It is based on over US$10.5 trillion of exposures and more than 20 million trade...
more(Arabian Business, Dubai, 30 March 201) As the spectre of Brexit looms, speculation has swirled that the European Union’s loss will be the Gulf Cooperation Council’s (GCC) gain. British firms have been eyeing international expansion ahead of the country’s departure from the economic and...
more(Arabian Business, Dubai, 3 March 2018) Italy's SACE says evaluating nearly $5bn of UAE projects Export credit agency sees its exposure in the Middle East almost triple to $14.7bn since opening offices in Dubai. It said growth is expected to continue in the region as it is currently evaluating...
more(Global Development Policy Cente, Boston, 28 February 2018) ABSTRACT In a very short period, Export-Import Bank of China (CHEXIM) and China Development Bank (CDB) have become some of the largest Export Credit Agencies in the world. This paper examines the extent to which CHEXIM and CDB behave...
morehttp://aboveground.ngo/bombardier-gupta-accountability-edc/
(Above Ground, Ottawa, 26 March 20188) Ongoing media coverage regarding the sale of a Bombardier jet to the Gupta family in...
moreThe full publication of this new 136 page report is available here.
Between 2015 and 2017, Finance & Trade Watch and Bankwatch, together with their national partners, researched...
(Climate Home News, London, 14 February 2018) The London-based bank plans to co-finance Nghi Son 2 power plant, which NGOs say uses dirty old technology, against company and OECD guidelines. The proposed financing arrangements also appear to breach the Organisation for Economic Cooperation and...
more(Reuters, London, 12 February 2018) BAE Systems will provide Malaysia a UK government-backed financing deal if it decides to replace its fleet of combat jets with the Eurofighter Typhoon, senior company officials said. Malaysia has for several years been weighing France’s Rafale jet and the...
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