(ECA Watch, Brussels, 29 October 2014) ECA Watch has written OECD ECA's, Finance Ministers and OECD Secretary General Angel Gurría regarding upcoming discussions around coal financing through export credit agencies. We understand that they may be considering proposals to perpetuate coal...
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Letters & statements
2014/10/14
Issue: Climate Change, Common Approaches, European Union, OECD, Oil, Gas and Mining
ECA Watch in cooperation with the WWF European Policy Office and other European and global NGOs, has written a letter to Finance Ministries and Export Credit Agencies to move those public institutions away from coal financing and subsidies in the...
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2014/06/30
Issue: Climate Change, Oil, Gas and Mining
(Oil Change International, Washington, June 2014) A new campaign toolkit provides guidance on how to identify the many forms of coal subsidies, to quantify them where possible, and to campaign to ultimately eliminate them. The toolkit covers national subsidies and public finance for coal,...
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2014/06/30
Country: Netherlands, United Kingdom, USA
Issue: Climate Change, Oil, Gas and Mining
(Reuters, Washington, 16 June 2014) The United States, United Kingdom and Netherlands will float a plan this week requiring new coal-fired power plants to meet a carbon pollution standard in order to receive public funding from the world's wealthiest countries, according to a draft seen by...
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Letters & statements
2014/06/10
Issue: Climate Change, Common Approaches, European Union, OECD, Oil, Gas and Mining
Member: Both ENDS, Corner House, Counter Current, Finance & Trade Watch, Euronatura, FERN, Friends of the Earth Japan, Above Ground, Les Amis de la Terre, Observatory on Debt in Globalization, , Re:Common, urgewald
FOR IMMEDIATE RELEASE
11 June 2014
International NGOs Call on Governments to #EndCoalFinance
On Monday, June 16 the Organization for Economic Cooperation and Development (OECD)’s Export Credit Group will meet to discuss...
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2014/05/31
ECAs: SACE S.p.A.
Issue: Oil, Gas and Mining
(Oman Observer, Muscat, 29 May 2014) Italian export credit agency SACE has pledged $100 million allocated by HSBC Bank for financing the modernisation of Sohar Refinery, owned and operated by Oman Oil Refineries and Petroleum Industries (ORPIC). The aid granted by SACE, which supports the...
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2014/05/31
Country: China, USA
Issue: Oil, Gas and Mining
(Reuters, Moscow, 30 April 2014) Chinese investors are committed to financing part of Novatek's $27 billion Russian gas project, ensuring it has sufficient backing despite losing U.S. support because of sanctions, the company said on Wednesday. The U.S. export credit agency Ex-Im pulled out in...
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2014/05/31
Country: France
Issue: Oil, Gas and Mining
(Reuters, Sydney, 27 May 2014) Dozens of protesters caused tens of millions of dollars in damage to vehicles, equipment and buildings at Vale's nickel mining site in New Caledonia, as anger boiled over at a chemical spill into a local river. The $6 billion Vale plant at Goro was closed earlier...
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2014/05/31
Issue: Climate Change, Common Approaches, Oil, Gas and Mining
(ECA Watch, Brussels, 20 May 2014) more than 30s NGO have endorsed recommendations provided by the briefing "Ending Fossil Fuel Support: the way...
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Letters & statements
2014/05/21
Issue: Climate Change, Common Approaches, OECD, Oil, Gas and Mining
Member: Les Amis de la Terre,
In May 2014, more than 50 NGO have endorsed common recommendations provided by the briefing 'Ending Fossil Fuel Support: the way forward' (to be downloaded on the bottom of this page). This briefing was developed by ECA Watch members in close collaboration with other international and regional...
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2014/04/30
Country: Canada, Italy, Japan, Spain, Turkey, USA
ECAs: Compañía Española de Seguros de Crédito a la Exportación, Export Development Canada, Export-Import Bank of the United States, Japan Bank for International Cooperation, SACE S.p.A.
Issue: Oil, Gas and Mining
(Bloomberg, Istanbul, 22 April 2014) Azerbaijan’s state oil company, Socar, is in the final stages of negotiations for a $3.5 billion loan to help build a refinery in Turkey, said Kenan Yavuz, chief executive for the company’s Turkish unit... Most of the $3.5 billion package, arranged by the...
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2014/04/29
Country: Japan
ECAs: Export-Import Bank of the United States, Japan Bank for International Cooperation
Issue: Oil, Gas and Mining
(Oil Change International, Washington, 22 April 2014) Japanese ECA, the Japan Bank for International Cooperation (JBIC) is the world’s...
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2014/03/29
Country: Australia
ECAs: Export-Import Bank of the United States, Japan Bank for International Cooperation, Nippon Export and Investment Insurance
Issue: Oil, Gas and Mining
(Business Spectator, Melbourne, 21 March 2014) Gina Rinehart has secured backing from a group of global banks and export credit agencies for a new $US10 billion ($A11.0bn) iron-ore mine that can feed Asian steel demand, just as miners like BHP Billiton scale back investments amid a broad...
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2014/03/29
Country: Australia
ECAs: Export Finance and Insurance Corporation
Issue: Oil, Gas and Mining
(Herald Sun, Melbourne, 18 March 2014) Mining giants BHP Billiton and Rio Tinto have been granted a $110 million “soft loan” from taxpayers to help expand the world’s biggest copper mine, in Chile. Australia’s export credit agency, the Export Finance and Insurance Corporation, has extended the...
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2014/02/28
Country: France, USA
ECAs: COFACE, Export-Import Bank of the United States
Issue: Climate Change, Oil, Gas and Mining
Member: Les Amis de la Terre
(Friends of the Earth France, Paris 10 February 2014) Tomorrow French President Francois Hollande will meet US President Barack Obama. Last year, Mr Obama announced the end of US public financing for new coal-fired power plants overseas, he now wants other developed countries to follow suit. In...
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