(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
2019/09/29
Country: USA
ECAs: Export-Import Bank of the United States
Issue: Climate Change, End Coal Financing, Oil, Gas and Mining
(S&P Global, Washington, 30 August 2019) The US Export-Import Bank could become a new source of support for US LNG export projects working to secure long-term contracts and financing, according to industry officials involved in recent discussions with the bank leadership. Ex-Im Bank...
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2019/09/29
Issue: Climate Change, End Coal Financing, OECD, Oil, Gas and Mining, Renewables
(OECD, Paris, 13 September 2019) This OECD report estimates annual volumes of climate finance provided and mobilised by developed countries for developing countries in 2013-17. These estimates include bilateral and multilateral public finance, official-supported export credits and mobilised...
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2019/07/29
Country: United Kingdom
ECAs: UK Export Finance (UKEF)
Issue: Climate Change, End Coal Financing, Oil, Gas and Mining
(Guardian, London, 23 July 2019) The British government has spent £680m of its foreign aid budget on fossil fuel projects since 2010, according to analysis that highlights the UK’s failure to align diplomatic, trade and aid policies with the goals of the Paris climate agreement. Britain...
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2019/06/30
Issue: Climate Change, End Coal Financing, G20, Oil, Gas and Mining
(Reuters, London, 24 June 2019) Despite promising a decade ago to phase out fossil fuel subsidies, the world’s leading economies more than doubled subsidies to coal-fired power plants over three years, putting climate goals at risk, energy researchers said Tuesday. Between 2014 and 2017, G20...
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2019/06/30
Country: United Kingdom
ECAs: UK Export Finance (UKEF)
Issue: Climate Change, End Coal Financing, Oil, Gas and Mining
Member: Global Witness
(EU Today, London, 9 June 2019) For the first time, a Parliamentary committee has called for an end to taxpayer support for overseas fossil fuel projects. The Government must move immediately to end UKEF’s fossil fuel support, or all its talk of a ‘climate emergency’ will be seen as hollow...
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2019/03/30
Country: Australia
ECAs: Export Finance & Insurance Corporation Australia
Issue: End Coal Financing, Oil, Gas and Mining
(Sydney Morning Herald, Sydney, 5 March 2019) A major oil and gas company wants Australian taxpayer money spent on overseas energy projects, stoking fears that a Morrison government plan to boost development in the Pacific is a smokescreen for fossil fuel investment. A government amendment to...
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2019/02/28
Country: Canada
ECAs: Export Development Canada
Issue: Climate Change, End Coal Financing, Oil, Gas and Mining
Member: Above Ground
(Above Ground, Ottawa, 12 February 2019) In January Export Development Canada (EDC) released a new climate change policy. The policy commits EDC to further limit its coal-related investments and increase its support for clean technologies. It does not, however, put in place a clear path to...
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2018/10/29
Issue: Climate Change, End Coal Financing, Oil, Gas and Mining
Member: urgewald
(Urgewald, Berlin, 4 October 2018) Four days before the International Panel on Climate Change (IPCC) puts forward its special report on 1.5°C, NGOs have released a new list of the world’s top 120 coal plant developers. “Building new coal plants is an assault on the Paris climate goals,” said...
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2018/07/24
Issue: End Coal Financing, Oil, Gas and Mining
(Oil Change International, Washington, 23 July 2018) Each year, approximately $20 billion from government-backed financial institutions around the world flows to energy projects in Africa. According to a new analysis by Oil Change International, nearly 60 percent of this finance from 2014...
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2018/03/31
Issue: Climate Change, End Coal Financing, Oil, Gas and Mining
Member: Bank Track
(BankTrack, Amsterdam, 28 March 2018) A report released today by Rainforest Action Network, BankTrack, Indigenous Environmental Network, Oil Change International, Sierra Club, and Honor The Earth, endorsed by over 50 organisations around the world, reveals that in spite of the urgent climate...
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2018/01/31
Issue: Climate Change, End Coal Financing, Oil, Gas and Mining
(Vietnam Net, Hanoi, 18 January 2018) Vietnam is expected to receive loans in the billions of US dollars from some G20 nations for its many coal-fired power projects, helping the capital-thirsty country further ensure its growing demand for power. The US-based Natural Resources Defense Council...
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2017/12/31
Country: China, Indonesia, Japan
ECAs: EXIM Bank China, Japan Bank for International Cooperation
Issue: Climate Change, End Coal Financing, Oil, Gas and Mining
(The Nation, Bangkok, 30 December 2017) Already the world’s fifth-biggest greenhouse gas emitter, Indonesia is leading Southeast Asia’s boom in coal-fired power. Already one of the world’s biggest carbon polluters because of deforestation, Indonesia has back-pedalled on a pledge to cap coal...
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2017/12/31
Issue: Climate Change, End Coal Financing, Oil, Gas and Mining, Renewables
Member: Bank Track, Les Amis de la Terre, Re:Common, urgewald
(ECA Watch, Ottawa, 31 December 2017) At the One Planet Summit in Paris in December 2017 a number of NGO, environmental and social movement organizations released briefings and research reports highlighting fossil fuel projects that are being funded by multilateral and national development...
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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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