(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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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
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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2018/02/28
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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