(Jubilee Australia, NSW, 18 July 2023) Jubilee Australia, a human rights and environmental organisation, has filed legal proceedings this morning (18th July) in the Federal Court of Australia against federal government agencies that subsidise new fossil fuel projects but don’t disclose the full...
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2023/08/31
Country: Australia
ECAs: Export Finance & Insurance Corporation Australia
Issue: Climate Change, Oil, Gas and Mining, Renewables, Transparency
Member: Jubilee Australia
2023/04/30
Country: Australia
ECAs: Export Finance & Insurance Corporation Australia
Issue: Climate Change, Oil, Gas and Mining, Renewables
(Lowy Institute, Sydney, 6 April 2023) Since 2009 EFA has helped to underwrite global heating by providing roughly AU$1.69 billion to fossil fuel firms, while offering a relatively paltry AU$20 million for renewable energy projects. Last year, many of Australia’s key allies signed the so-called...
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2022/12/31
Country: Australia
ECAs: Export Finance & Insurance Corporation Australia
Issue: Climate Change, Oil, Gas and Mining
(Reuters, Sydney. 6 December 2022) Papua New Guinea's state-owned Kumul Petroleum is in talks with Australia's export credit agency to help fund a $1.1-billion acquisition of a 5% stake in the PNG LNG project from Santos Ltd (STO.AX). Santos announced in September that Kumul had made a binding...
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2022/07/30
Country: Australia
ECAs: Export Finance & Insurance Corporation Australia
(Australia Mining, Canberra, 11 July 2022) The Australian Government’s export credit agency has given a conditional Letter of Support for the provision of up to $300 million of debt funding for the construction of TNG’s flagship Mount Peake vanadium-titanium-iron project in the Northern...
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2021/10/30
Country: Australia, China
ECAs: Export Finance & Insurance Corporation Australia
Issue: Oil, Gas and Mining
(Global Trade Review, London, 6 October 2021) The Australian government has created a A$2bn (US$1.5bn) loan facility to spur investment in the country’s critical minerals sector, as it attempts to position Australia at the source of supply chains for technologies such as battery storage and...
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2021/07/29
Country: Australia, China
ECAs: Export Finance & Insurance Corporation Australia
(Nikkei, Sydney, 20 July 2021) The government of Australia looks to support a bid by domestic telecom Telstra to buy a leading South Pacific mobile phone business reportedly eyed by a Chinese suitor, as Canberra works to limit Beijing's influence in the region. Telstra said Monday it is...
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2021/01/30
Country: Australia, China
ECAs: Export Finance & Insurance Corporation Australia
Issue: Human Rights
(Sydney Morning Herald, Sydney, 14 January 2021) China Mobile is firming as the most likely Chinese company to make a play for telecommunications assets in the Pacific in a move that would trouble Australia’s national security agencies. Digicel, owned by Irish billionaire Denis O’Brien, is...
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2020/04/30
Country: Australia
ECAs: Export Finance & Insurance Corporation Australia
Issue: Debt
(American Reporter, Boston, 26 April 2020) COVID-19 has drastically affected the economy. Exporters and Importers are unable to conduct business because of the transport restrictions. Australia’s export credit agency (ECA), Export Finance Australia has come ahead to help the exporters. It...
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2019/09/29
Country: Australia
ECAs: Export Finance & Insurance Corporation Australia
Issue: Arms Trade
(Mirage News, 6 September 2019) Government support for Australia’s defence industries is on the increase, as two government agencies extend collaboration. Under the Australian Government’s ...
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2019/04/29
Country: Australia
ECAs: Export Finance & Insurance Corporation Australia
(ABC, Sydney, 4 April 2019) Hundreds of Australian and New Zealand cattle have died in a Federal Government-backed export deal with Sri Lanka, which local farmers say has left them broke, and in some cases, suicidal. Farmers and animal rights groups, as well as Sri Lanka's own auditor-general,...
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2019/03/30
Country: Australia
ECAs: Export Finance & Insurance Corporation Australia
Issue: End Coal Financing, Oil, Gas and Mining
(Sydney Morning Herald, Sydney, 5 March 2019) A major oil and gas company wants Australian taxpayer money spent on overseas energy projects, stoking fears that a Morrison government plan to boost development in the Pacific is a smokescreen for fossil fuel investment. A government amendment to...
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2019/02/27
Country: Australia
ECAs: Export Finance & Insurance Corporation Australia
Issue: Oil, Gas and Mining
(Global Trade Review, London, 20 February 2019) Australia’s export credit agency, Export Finance and Insurance Corporation (Efic), could receive an A$1bn cash injection of callable capital, a mandate to finance larger overseas projects and a new name as part of a bill expected to pass in the...
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2018/12/30
Country: Australia
ECAs: Export Finance & Insurance Corporation Australia
Issue: Arms Trade
(ABC News, Sydney, 13 December 2018) The Australian Government has approved the export of dozens of shipments of military items to Middle Eastern countries embroiled in the bloody Yemen war, a conflict dogged by accusations of war crimes and indiscriminate civilian killings. Australia is...
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2018/08/29
Country: Australia
ECAs: Export Finance & Insurance Corporation Australia
Issue: Corruption
(Trinidad & Tobago Newsday, Port of Spain, 15 August 2018) Former minister Devant Maharaj today said he is still waiting for a reply from the Australian government about concerns he has about alleged corruption in the procurement of two naval vessels for the Coast Guard. Maharaj told...
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2018/08/29
Country: Australia, India
ECAs: Export Finance & Insurance Corporation Australia
Issue: End Coal Financing
(Business Standard, New Delhi, 9 August 2018) For the Ahmedabad-headquartered Adani group, the fate of its ambitious coal mine-to-rail project in Australia could hinge on a court case filed by native owners of the land in question, near the Carmichael mine in the province of Queensland....
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