(Korea Herald, Seoul, 7 October 2019) While South Korea has vowed to phase out fossil fuels and turn to clean energy to combat climate change and air pollution, it is supporting coal-fired power plants elsewhere - like in Indonesia. The government is virtually contributing to environmental...
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2019/10/30
Country: Indonesia, Korea
ECAs: Export Import Bank of Korea
Issue: Climate Change, Corruption, End Coal Financing, Human Rights, Oil, Gas and Mining
2019/10/30
Country: USA
ECAs: Export-Import Bank of the United States
Issue: Climate Change, Debt, Human Rights, Oil, Gas and Mining
(MACAUHUB, Macau, 30 September 2019) Despite overwhelming evidence that the proect will emit at least 5.2 million tons of...
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2019/09/29
Issue: Climate Change, Human Rights, Renewables
(Down to Earth, New Delhi, 4 September 2019) A stubbornly high $1.5 trillion global trade finance gap is hampering efforts to achieve the United Nations-mandated sustainable development goals (SDG), especially those pertaining to women’s economic empowerment, job creation and inclusive growth,...
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2019/09/28
Country: Austria
ECAs: Oesterreichische Kontrollbank AG
Issue: Climate Change, Human Rights, Renewables
(Global Capital, London, 5 September 2019) OeKB, Austria’s export credit agency, will go on roadshow next week to present its recently established sustainability bond framework to European investors. BNP Paribas, Danske Bank, HSBC and UniCredit won the mandate and will arrange a series of fixed...
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2019/08/30
Country: Canada
ECAs: Export Development Canada
Issue: Climate Change, Corruption, Human Rights, Transparency
Member: Above Ground
(Above Ground, Ottawa 29 August 2019) For decades, Export Development Canada (EDC) has been subject to minimal public scrutiny, with media and Parliament rarely asking questions about the social and environmental costs of the business it supports. But recently, with some of the agency’s highest...
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2019/07/29
Country: Canada
ECAs: Export Development Canada
Issue: Human Rights
(Reuters, Toronto, 3 July 2019) Canada's export credit agency has lifted a "closed" status on Saudi Arabia-related activity after almost a year of frosty relations between the two countries, citing improved business conditions in the Middle Eastern kingdom. The move by Export Development Canada...
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2019/06/30
Country: Norway
Issue: Human Rights
(Asia Shipping Media, Singapore, 5 June 2019) Norway is pushing to create a shipbuilding regulation akin to the ship recycling sector’s Hong Kong Convention whereby yards will be blacklisted for financing if they are found to have deficient labour and human rights standards. The initiative is...
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2019/05/30
Country: Canada
ECAs: Export Development Canada
Issue: Human Rights
Member: Above Ground
(National Post, Ottawa, May 2019) OTTAWA — Export Development Canada is declaring itself a leading defender of human rights, but workers groups and advocates say the Crown agency’s long-awaited new policy falls well short of what’s needed. The United Steel Workers of Canada declared it a...
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2019/02/27
Country: Canada, USA
ECAs: Export-Import Bank of the United States
Issue: Human Rights
(20 Essex Street, London, 2 February 2019) A recent UN report with recommendations to advance efforts to eradicate modern slavery has mentioned, amongst other examples, the direct or indirect involvement of a state in the commission of offences via ECA funding of slavery-tainted enterprises....
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2018/12/30
Issue: Human Rights
(ZDK-Solutions, Luxembourg, 11 December 2018) The Eastern and Southern African Trade and Development Bank (TDB) is rolling out a credit programme in six African countries to support women-led export-oriented SMEs. Among the first to benefit are Ethiopian businesses, following an agreement...
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2018/12/30
Country: Canada
ECAs: Export Development Canada
Issue: Human Rights, Transparency
(Globe and Mail, Toronto, 25 December 2018) Canada’s largest industry and trade association has asked the federal government to insure foreign investors against the risk their projects might be derailed by [mandatory] consultations with First Nations. The suggestion from Canadian Manufacturers...
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2018/11/27
Country: Denmark, Germany, Iran, USA
ECAs: Denmark EKF, Euler Hermes Deutschland AG
Issue: Human Rights
(Washington Post, Berlin, 31 October 2018) At the end of last year, the Danish Export Credit Agency had approved eight Iranian banks for credit lines or guarantees and vowed to resist U.S. pressure to dismantle those ties. However, Denmark is now leading a push for new E.U. sanctions against...
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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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2018/11/26
Issue: Climate Change, European Union, Human Rights, Transparency
Member: Re:Common
(Euractiv, Brussels, 20 November 2018) MEPs need to follow the lead of the European Ombudsman and force the European Commission to shine light on the opaque role of national Export Credit Agencies. An important milestone in this direction was set by recent decisions of the Ombudsman Emily O’...
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2018/09/30
Issue: Human Rights, Transparency
Member: Bank Track
(Global Legal Post, London, 29 August 2018) 20 environmental and civil liberties groups have joined foceces to protest against companies using lawsuits they say are aimed at silencing critics. The ‘Protect the Protest’ task force is targeting what it says are known as strategic lawsuits against...
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