(FOE USA, Washington, 27 September 2019) The U.S. Export-Import Bank’s (EXIM) Board of Directors voted late yesterday to provide $5 billion in financing for a liquid natural gas (LNG) project in Mozambique, making it the largest federal subsidy for a fossil fuel project in the bank’s history....
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- (-) Remove Friends of the Earth USA filter Friends of the Earth USA
2019/09/29
Country: USA
ECAs: Export-Import Bank of the United States
Issue: Climate Change, End Coal Financing, Oil, Gas and Mining
Member: Friends of the Earth USA
2019/08/30
Country: USA
ECAs: Export-Import Bank of the United States
Issue: Climate Change, Corruption, Oil, Gas and Mining
Member: Friends of the Earth USA
(AllAfrica, Maputo, 25 August 2019) The Board of Directors of the Export-Import Bank of the United States (EXIM US) has voted to notify the US Congress of its consideration of a five billion dollar loan to support the export of US goods and services for the development of the liquefied natural...
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2019/05/29
Country: USA
ECAs: Export-Import Bank of the United States
Issue: Climate Change, Oil, Gas and Mining
Member: Friends of the Earth USA
(Friends of the Earth, Washington, 8 May 2019) The U.S. Senate today voted to confirm 3 nominees to the Board of Directors of the U.S. Export-Import Bank. The confirmation allows Ex-Im to establish a board quorum, clearing the way for the bank to revive its financing of billions of dollars in...
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2018/11/28
Issue: Climate Change, End Coal Financing
Member: Friends of the Earth USA
(Friends of the Earth USA, Washington, 13 November 2018) In order to avoid the worst impacts of climate change, no new fossil fuel power plants should have been built after 2017. Despite this, little-known government agencies called export credit agencies (ECAs) are still providing many...
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2018/11/27
Country: Canada
ECAs: Export Development Canada
Issue: Climate Change, Corruption, Human Rights, Transparency
Member: Above Ground, Bank Track, Both ENDS, Friends of the Earth USA
(Above Ground, Ottawa, 12 November 2018) Canada’s Export Development Act is under review. In our submission (pdf) to the government...
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2018/08/28
Country: USA
ECAs: Export-Import Bank of the United States
Issue: Climate Change, Oil, Gas and Mining
Member: Friends of the Earth USA
(Washington Examiner, Washington, 23 August 2018) The Senate Banking Committee on Thursday voted 25-0 in favor of Kimberly Reed to lead the U.S. Export-Import Bank, the U.S. export credit agency, which the group Friends of the Earth fears could be a move to subsidize fossil fuel...
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2018/06/28
Issue: Oil, Gas and Mining
Member: Friends of the Earth USA
(AfricaNews/Reuters, Maputo, 12 June 2018) The U.S. embassy in Mozambique said Americans should consider leaving a northeastern district close to a major gas field as imminent attacks are likely after suspected Islamist militants beheaded 10 people and killed seven others since May. Anadarko...
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2018/06/01
Issue: Oil, Gas and Mining
Member: Friends of the Earth USA
(Reuters, London, 18 May 2018) - Anadarko Petroleum is seeking to raise a record $14-$15 billion from banks and export credit agencies for its huge liquefied natural gas (LNG) project in Mozambique, sources close to the matter said. Fast-growing gas demand from China and Southeast Asia is...
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2018/02/28
Country: USA
ECAs: Export-Import Bank of the United States
Issue: Climate Change, End Coal Financing
Member: Friends of the Earth USA
(New York Times, Hong Kong, 13 February 2018) A Vietnamese company is no longer seeking American financial support to build a coal-fired power plant in Vietnam, bringing to an abrupt end a closely watched test of whether Washington would back international projects that could potentially...
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2018/01/31
Country: USA
ECAs: Export-Import Bank of the United States
Issue: Climate Change, End Coal Financing, OECD
Member: Friends of the Earth USA
(New York Times, LONG PHU, Vietnam, 26 January 2018) With help from a Kremlin-connected Russian bank, Vietnam is building a coal-fired power plant called Long Phu 1 that will produce an estimated 5.4 million tons of carbon dioxide a year, generating enough electricity to power millions of homes...
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2017/11/30
Issue: Climate Change, End Coal Financing, OECD, Oil, Gas and Mining
Member: Friends of the Earth USA
(Friends of the Earth US, Washington, 14 November 2017) Precisely as the world’s attention is focused on addressing climate devastation at the 23rd United Nations Climate Conference (COP23) in Bonn, Germany, the largest public drivers of fossil fuel financing are meeting a mere 320 miles away...
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2017/10/29
Issue: Activists demand end of massive OECD support for fossil fuels, Climate Change, Common Approaches, End Coal Financing, G20, Oil, Gas and Mining, Renewables
Member: Both ENDS, Friends of the Earth Japan, Friends of the Earth USA, Jubilee Australia, Re:Common, urgewald
(FOE US, Washington, 16 October 2017) Although at least seven major countries — including Canada, France, and Germany — have made commitments to phase out coal power domestically, their export credit agencies, or ECAs, have poured money into coal plants and other fossil fuel projects in other...
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2017/09/30
Country: Japan
Issue: Climate Change, End Coal Financing, Oil, Gas and Mining
Member: Friends of the Earth USA
(Friends of the Earth, Washington, 29 September 2017) NGOs have urged the Bank of Tokyo – Mitsubishi UFJ (BTMU) to reject financing for the Long Phu-1 coal plant in Vietnam. In light of its recent accreditation at the Green Climate Fund and the commitment to addressing climate change that this...
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2017/05/31
Issue: Common Approaches, End Coal Financing, OECD
Member: Friends of the Earth USA
(World Coal, Surrey, 19 May 2017) Development finance is essential to help the advancement and empowerment of low and middle income economies. But, past announcements by multilateral development banks restricting finance for greenfield coal plants cast doubts on future funding. This approach to...
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2016/12/30
Country: China
ECAs: EXIM Bank China
Member: Friends of the Earth USA
(Friends of the Earth USA, Washington, December 2016) The Belt and Road Initiative (BRI) is a major Chinese strategy which marks a national push for China to increase economic links to Southeast Asia, Central Asia, Russia, and the Baltic region (Central and Eastern Europe) through various...
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