(Africa Confidential, Cambridge, 20 December 2024) France’s TotalEnergies is making a final push to win United States funding for its liquefied natural gas project in northern Mozambique before Donald J Trump is inaugurated US President on 20 January. Total wants to restart the project held up...
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2024/12/31
Country: France, USA
ECAs: Export-Import Bank of the United States
Issue: Climate Change, Oil, Gas and Mining
2024/11/30
ECAs: Export Development Canada, Export-Import Bank of the United States, Japan Bank for International Cooperation, UK Export Finance (UKEF)
Issue: European Union, G7, Oil, Gas and Mining
(JD Supra, Sausalito, 5 November 2024) The Minerals Security Partnership Finance Network (MSPFN), a joint financing body, was announced by the United States, the European Commission, the United Kingdom, Canada, Japan, Australia, and nine other nations on 23 September 2024 at the United Nations...
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2024/11/30
Country: China, USA
ECAs: Export-Import Bank of the United States
Issue: Climate Change
(Washington Examiner, Washington, 10 November 2024) The U.S. Export-Import Bank faces scrutiny over a $2.5 billion giveaway to green energy development in Angola that benefits foreign companies with ties to China and the Angolan president, despite the bank’s claims that it will support...
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2024/11/30
Country: USA
ECAs: Atradius, Bpifrance, COFACE, Denmark EKF, Euler Hermes Deutschland AG, Export Development Canada, Export-Import Bank of the United States, SACE S.p.A., Swiss Export Risk Insurance, UK Export Finance (UKEF)
Issue: Climate Change, Oil, Gas and Mining
Member: Oil Change International
(Philadelphia Tribune, 22 November 2024) The EU, U.S. and other countries are hammering out a plan to throttle tens of billions of dollars of financial support for foreign oil and gas projects, weeks before President-elect Donald Trump moves into the White House. Negotiators are working toward...
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2024/11/30
ECAs: Export-Import Bank of the United States, Sinosure
Issue: BRIC countries, Climate Change, Renewables, Transparency
(BNN Bloomberg, Toronto, 19 November 2024) Colombia is hurrying to land a deal with the US that would unlock the first tranches of cash for a $40 billion climate investment plan before Donald Trump takes office. If that push fails, then China could be an option. Susana Muhamad, Colombia’s...
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2024/10/31
Country: USA
ECAs: Export-Import Bank of the United States
Issue: Climate Change, Oil, Gas and Mining, Renewables, Transparency
(Hacker News, Mountain View CA, 17 October 2024) As mounting climate concerns cause extreme weather events, & global efforts intensify to keep warming below 1.5°C, Oxfam calls on the Export-Import Bank of the United States (EXIM) to cease funding fossil fuel projects to instead champion...
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2024/10/31
Country: Malaysia, USA
ECAs: Export-Import Bank of the United States
Issue: Climate Change, Oil, Gas and Mining, Transparency
(Bloomberg, New York, 11 October 2024) The US Export-Import Bank authorized a $690 million loan to help build a petrochemical plant in Malaysia, despite objections from climate activists who say the project flouts Biden-Harris administration promises to halt financing for fossil fuel projects...
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2024/10/31
Country: USA
ECAs: Export-Import Bank of the United States
Issue: Arms Trade, Climate Change, Renewables, Transparency
(Lexology, London, 30 October 2024) The US Defence Department's Office of Strategic Capital (OFC) is one of the newest entrants in the US Federal arsenal of finance tools for growth companies, providing loans between $10M and $150M to develop critical technologies vital to national security,...
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2024/10/31
Country: United Kingdom, USA
ECAs: Export-Import Bank of the United States, UK Export Finance (UKEF)
Issue: Climate Change, Oil, Gas and Mining, Renewables, Transparency
Member: Friends of the Earth USA
(Friends of the Earth, Merrifield, 4 October 2024) Fossil fuel companies continue to be propped up by the government in the form of public financing like US EXIM. Often, these tax dollars are funding overseas fossil fuel projects wreaking havoc on our environment and local communities in places...
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2024/08/31
Country: USA
ECAs: Export-Import Bank of the United States
Issue: Climate Change
Member: Friends of the Earth USA
(Common Dreams, Portland, 7 August 2024) Climate advocates on Wednesday formally urged the Biden administration to instruct the United States' export credit agency to stop financially supporting activities that are fueling the climate emergency. "Over the last two centuries, human-caused...
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2024/08/31
Country: USA
ECAs: Export-Import Bank of the United States
Issue: Renewables
(Smart Water Magazine, Madrid, 29 August 2024) The Board of Directors of the Export-Import Bank of the United States (EXIM) approved a historic $1.6 billion direct loan to support the construction of 65 solar photovoltaic energy mini-grids with energy storage facilities that will power water...
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2024/07/30
Country: China, USA
ECAs: Export-Import Bank of the United States, Sinosure
(C-Span, Washington, 27 June 2024) Reta Jo Lewis, president and chair of the U.S. Export-Import Bank, testified before the House Financial Services Subcommittee National Security, Illicit Finance, and International Financial Institutions on oversight of bank operations and U.S.-China economic...
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2024/07/30
Country: China, USA
ECAs: Export-Import Bank of the United States
Issue: Common Approaches, Transparency
(US Congress, Washington, 24 June 2024) The US Congress House Financial Services Subcommittee Chairman on National Security, Illicit Finance, and International Financial Institutions, led by Chairman Blaine Luetkemeyer (MO-03), held a hearing entitled “The Role of the Export-Import (Ex-Im) Bank...
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2024/06/30
Country: USA
ECAs: Export-Import Bank of the United States
Issue: Climate Change, OECD, Oil, Gas and Mining, Renewables, Transparency
Member: Friends of the Earth USA
(E&E News, Arlington, 17 June 2024) The fate of an international plan to end a major funding source for fossil fuel projects could be decided this week by U.S. officials. Some of the world’s richest countries will meet behind closed doors starting Monday to discuss a European Union-led...
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2024/06/30
Country: USA
ECAs: Export-Import Bank of the United States
(Center for Strategic and International Studies, Washington, 18 June 2024) The U.S. Export-Import Bank (EXIM), the United States’ official export credit agency (ECA), is an independent, executive branch institution that supports U.S. businesses by financing the exports of goods and services....
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