(Globe & Mail, Toronto, 3 November 2023) Canada’s export financing agency applies its own flagship environmental and social review process in less than 1% of the transactions it supports, the Auditor-General of Canada’s office has found. An audit report released to Parliament Thursday...
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2023/11/29
Country: Canada
ECAs: Export Development Canada
Issue: Climate Change, Human Rights, Transparency
2023/10/29
Country: India
Issue: Human Rights
(Devdiscours, New Deli, 8 October 2023) Indian exporters shipping goods to Israel may face higher insurance premiums and shipping costs due to the Israel-Hamas conflict, according to experts. For merchandise exports of India, the war may lead to higher insurance premiums and shipping costs....
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2023/07/30
Country: United Kingdom
ECAs: UK Export Finance (UKEF)
Issue: Climate Change, Human Rights, Renewables
(G3 Football, Hillside NJ, 14 July 2023) Wolverhampton Wanderers have recently made headlines for securing a £99 million loan from the UK government. While some may view this as a sign of financial trouble, experts argue that it is a shrewd move by the club. In this article, we will explore the...
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2023/05/30
Country: Australia
Issue: Human Rights, Oil, Gas and Mining
(Upstream, Perth, 29 May 2023) Australian oil giant Santos denied claims of human rights abuses against Indigenous Australians relating to domestic gas and LNG projects planned or under development that have been alleged to some of the company’s investors and financiers. Equity Generation...
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2023/03/30
Country: USA
ECAs: Export-Import Bank of the United States
Issue: Human Rights
(Trade Finance Global, London, 8 March 2023) President and Chair of the Export-Import Bank of the United States (EXIM) Reta Jo Lewis gave a keynote address to the Trade Finance Global’s Women in Trade, Treasury & Payments roundtable, urging multilateral organisations to take strides towards...
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2023/03/29
Issue: Climate Change, Common Approaches, Human Rights, OECD, Oil, Gas and Mining, Renewables
Member: Oil Change International
(Global Trade Review, London, 15 March 2023) A meeting of the OECD Arrangement on export credits ended last week without an announcement of a breakthrough on any key planks in its modernisation agenda. The arrangement was created to avoid like-minded countries from undercutting each other on...
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2023/02/27
Country: Netherlands
ECAs: Atradius
Issue: Climate Change, Human Rights
(Global Witness, London, 2 February 2023) Global Witness’ new report reveals how a new mega-airport north of Manila displaced hundreds of residents after a coercive consultation process in which armed soldiers were sent door-to-door, leaving community members describing feeling “terrified”......
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2022/12/31
Issue: Arms Trade, European Union, Human Rights, OECD
(Brussels Times, Brussels, 17 December 2022) The Council of the European Union (Council of Ministers) adopted on Friday a package of new measures intended to step up pressure on Russia in response to its ‘continuing war of aggression against Ukraine and the gravity of the current escalation...
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2022/12/31
Country: France, Ukraine
ECAs: Bpifrance
Issue: Arms Trade, European Union, Human Rights
(Odessa Journal, Odessa, 13 December 2022) French business is interested in investing in Ukraine and is ready to participate in its early reconstruction announced First Vice Prime Minister – Minister of Economy of Ukraine, Yuliya Svyridenko, during a live broadcast from Paris on the air of the...
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2022/12/31
Country: Germany, Iran
ECAs: Euler Hermes Deutschland AG
Issue: Human Rights
(Big News Network, Berlin, 29 December 2022) Germany announced that it is formally suspending export credits and investment guarantees for business in Iran, after the brutal crackdown on protests by authorities in Tehran. The instruments suspended are export credit guarantees, which protect...
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2022/12/28
Country: Italy
ECAs: SACE S.p.A.
Issue: Climate Change, Common Approaches, End Coal Financing, Human Rights, Oil, Gas and Mining, Transparency
(Fitch, Milan, 29 November 2022) Fitch Ratings has affirmed that SACE's shares were transferred back to the national government from Cassa Depositi e Prestiti SpA (BBB/Stable) in March 2022, changing SACE's mission from an unregulated export credit insurer to a government agency underwriting...
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2022/10/30
Country: Korea
ECAs: Export Import Bank of Korea
Issue: Human Rights, Oil, Gas and Mining
Member: Friends of the Earth USA
(Friends of the Earch US, Washington, 24 October 2022) During the annual National Assembly audit this month, Korea Export-Import Bank (KEXIM) and Korea Trade Insurance Corporation (K-SURE) were questioned by assembly members on their decision to finance the Barossa gas project in Australia. The...
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2022/10/29
Country: Russia
Issue: Human Rights
(Reuters, Moscow, 3 October 2022) Russia may start providing trade finance to importers of its grain as sanctions imposed on Moscow since it sent troops to Ukraine affect this financial instrument, Agriculture Minister Dmitry Patrushev said. Russia, the world's largest wheat exporter, is...
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2022/10/29
Issue: Aircraft, Climate Change, Human Rights
Trade unions call for a just net-zero aviation transition including ECA support for aviation finance
(IndustriALL, Geneva, 14 October 2022) International and European trade unions welcome a new global agreement for net-zero carbon aviation emissions by 2050, but call for stronger commitments at country level, including on social criteria. No worker or region should be left behind, we need a...
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2022/10/29
Country: Korea
ECAs: Export Import Bank of Korea
Issue: Climate Change, Common Approaches, Human Rights, OECD, Transparency
(Korea Times, Soeul, 24 October 2022) The Export-Import Bank of Korea (Eximbank) is holding a meeting of environmental and social practitioners October 24-25 to help address environmental and social issues when providing officially supported export credits. Eximbank is co-hosting the 46th OECD...
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