(Australian Associated Press, Sydney, 1 May 2018) Papua New Guinea’s prime minister has dismissed as “fake news” a report that claims a partially Australian-funded liquefied natural gas project is failing to deliver a promised economic boom to...
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2018/05/31
Country: Australia
ECAs: Export Finance and Insurance Corporation
Issue: Human Rights, Oil, Gas and Mining
Member: Jubilee Australia
2018/04/30
Country: Germany, Turkey
ECAs: Euler Hermes Deutschland AG
Issue: Human Rights
(Financial Times, London, 28 April 2018) President Recep Tayyip Erdogan has brought forward by a year and a half elections he intends will crown his quest for one-man rule in Turkey. One reason for the snap early election is that Turkey’s overheating economy is vulnerable. The president needs...
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2018/03/31
Country: USA
Issue: Climate Change, Human Rights, Oil, Gas and Mining
Member: Bank Track
(WTOP, Washington, 30 March 2018) Texas-based pipeline developer Energy Transfer Partners in August sued Earth First, Greenpeace and BankTrack for up to $1 billion, alleging they disseminated false and misleading information about the $3.8 billion pipeline that’s now moving oil from North...
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2018/03/31
Country: Germany, Turkey
ECAs: Euler Hermes Deutschland AG
Issue: Arms Trade, Human Rights
(Handelsblatt, Berlin, 7 March 201) Turkey and Germany recently agreed to try to “normalize” their fraught relationship. Turkey had adopted hostage-taking as an instrument of foreign policy, with Germany being a target. Germany’s response was to reconsider economic aid and export credit...
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2018/02/28
Country: USA
ECAs: Export-Import Bank of the United States
Issue: Corruption, Debt, Human Rights, Transparency
(Reuters, Kuwait, 13 February 018) The United States has urged members of the coalition fighting Islamic State to help rebuild Iraq or risk a reversal of the gains made against the group. Secretary of State Tillerson said the official U.S. export credit agency, the Export-Import Bank of the...
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2018/02/28
Country: USA
Issue: Climate Change, Human Rights, Oil, Gas and Mining
Member: Bank Track
(Associated Press, Bismark, 9 February 2018) Attorneys for a Florida-based environmental publication want a federal judge in North Dakota to sanction the Texas-based developer of the Dakota Access oil pipeline in a dispute over whether the publication can be sued. Earth First Journal maintains...
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2018/02/28
Issue: Climate Change, Common Approaches, Debt, European Union, Human Rights, OECD, Transparency
Member: Bank Track, Finance & Trade Watch
(Finance & Trade Watch and CEE Bankwatch, Dec. 2017) Export credits are big business. Members of the industry’s Berne Union, both state and private, insured approximately USD 1.9 trillion per year between 2012 and 2016, of which USD1 trillion was state ECA insured. That amount far...
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2018/01/31
Country: Canada, Russia
ECAs: Export Development Canada
Issue: Human Rights
(Financial Post, Toronto, 11 January 2018) Canadian exporters with long histories of doing business in Russia are urging the federal government to help them compete with foreign rivals that they insist are profiting from Ottawa’s particularly rigid approach to international sanctions. Companies...
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2017/12/31
Country: United Kingdom
ECAs: UK Export Finance (UKEF)
Issue: Common Approaches, Corruption, Human Rights, OECD, Transparency, World Trade Organization
(Global Trade Review, London, 7 December 2017) UK Export Finance (UKEF) has announced plans for a new invoice financing scheme for exporters in a bid to boost exports through supply chain efficiency. GTR has learned that the new scheme will allow an exporter to set up a supply chain discounting...
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2017/10/29
Issue: Human Rights, Transparency
(Lexology, London, 24 October 2017) An intergovernmental working group mandated to draft a new international legal instrument to regulate the activities of transnational corporations in relation to human rights is holding its third meeting in Geneva this week. Negotiations for a business and...
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2017/09/30
Country: Germany, Turkey
ECAs: Euler Hermes Deutschland AG
Issue: Human Rights
(Sputnik, Berlin, 3 September 2017) German Chancellor Angela Merkel said Sunday that Berlin cannot stop the talks on Turkey's accession, but it would impose economic punitive measures in response to arrests of German citizens... She added that Berlin could put pressure on Ankara in terms of its...
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2017/08/30
Country: Germany, Turkey
ECAs: Euler Hermes Deutschland AG
Issue: Human Rights
(Spiegel, Ankara, 1 August 2017) As Germany and Turkey struggle with the increasingly strained state of their relationship, Turkish Deputy Prime Minister Mehmet Simsek stresses the two countries' longstanding friendship in an interview with DER SPIEGEL. He also says it is Ankara's duty to rid...
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2017/08/30
Country: USA
Issue: Climate Change, Human Rights, Oil, Gas and Mining
Member: Bank Track
(BankTrack, Nijmegen, 22 August 2017) BankTrack has taken note of the outrageous allegations in the lawsuit that ETP/ETE has filed against BankTrack, Greenpeace International, Greenpeace Inc., Greenpeace Fund, Inc., Earth First!, and other organizations and individuals that together opposed the...
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2017/07/30
Country: Germany, Turkey
ECAs: Euler Hermes Deutschland AG
Issue: European Union, Human Rights
(The Telegraph, Berlin, 21 July 2017) Germany announced a series of hardline measures against Turkey on Thursday amid rapidly deteriorating relations between the two Nato partners. Sigmar Gabriel, the German foreign minister, accused the Turkish government of the “arbitrary” arrest of German...
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2017/07/30
Issue: Climate Change, Human Rights, Oil, Gas and Mining
(Club of Mozambique, Maputo, 30 June 2017) The Export-Import Bank of Korea announced on June 27 that it has signed a project financing contract on June 26 for offshore gas field development in Mozambique. The gas field development project is a joint project of the Korea Gas Corporation, Exxon...
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