(Friends of the Earth Japan, Tokyo, 29 October 2021) The Japan Bank for International Cooperation (JBIC), a public financial institution fully owned by the Government of Japan, announced in a press release today that it has decided to provide up to US $850 million for the LNG Canada Project....
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2021/10/31
Country: Canada, Japan
ECAs: Japan Bank for International Cooperation
Issue: Climate Change, Oil, Gas and Mining
Member: Friends of the Earth Japan
2021/10/30
Country: Italy, Netherlands, United Kingdom
Issue: Climate Change, Corruption, Human Rights, Oil, Gas and Mining
(PUNCH Nigeria, Lagos, 24 October 2021) The £1.5bn financing set aside for Nigeria by the UK Export Finance, the United Kingdom government’s export credit agency, has remained largely untouched, the UK Government Department for International Trade, Nigeria has said at the 2021 Energy...
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2021/10/30
Issue: Oil, Gas and Mining
(Natural Gas World, Vancouver, 19 October 2021) The Taliban’s ascent is driving renewed discussion about the Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline. Taliban spokesman Suhail Shaheen said on August 18 that TAPI is a “long-term priority project” that the Taliban fully...
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2021/10/30
Country: Australia, China
ECAs: Export Finance & Insurance Corporation Australia
Issue: Oil, Gas and Mining
(Global Trade Review, London, 6 October 2021) The Australian government has created a A$2bn (US$1.5bn) loan facility to spur investment in the country’s critical minerals sector, as it attempts to position Australia at the source of supply chains for technologies such as battery storage and...
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2021/10/30
Country: China, Italy, Japan, Russia
ECAs: SACE S.p.A.
Issue: Climate Change, Oil, Gas and Mining
(Offshore Enginer, New York, 22 October 2021)Italy's biggest banking group Intesa Sanpaolo could help fund Novatek's Arctic LNG 2 project even as some European governments show lukewarm support for the giant Russian gas project. Antonio Fallico, chairman of group unit Banca Intesa Russia, told...
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2021/10/29
Issue: Climate Change, End Coal Financing, OECD, Oil, Gas and Mining, Transparency
(Oil Change International, Washington, 22 October 2021) Today the OECD Export Credit Group announced new restrictions on its...
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2021/10/29
Country: Canada
ECAs: Export Development Canada
Issue: Climate Change, End Coal Financing, Oil, Gas and Mining
(Peterborough Examiner, 18 October 2021) The federal government has no plans to immediately stop Crown corporations from financing fossil fuel companies, but it’s not ruling out pushing them to reduce those supports more quickly, says Canada’s environment minister. The issue of public financing...
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2021/10/29
Issue: Climate Change, End Coal Financing, Oil, Gas and Mining
(ECA Watch, 27 October 2021) We can’t solve the climate crisis if export credit agencies (ECAs) continue to bankroll fossil fuels. Tell the governments behind these agencies to immediately end all export credit and other public financial support for oil, gas and coal.
Join our side...
2021/10/12
Issue: Climate Change, End Coal Financing, Oil, Gas and Mining, Renewables
INTERNATIONAL PRESS RELEASE
Governments worsen climate crisis with USD billions in export finance
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2021/09/29
Country: Brazil, China, Italy, Japan, Netherlands
ECAs: Nippon Export and Investment Insurance, SACE S.p.A.
Issue: BRIC countries, Climate Change, Oil, Gas and Mining
(Offshore Technology, London, 16 September 2021) Dutch floating production storage and offloading (FPSO) operator SBM Offshore has completed the largest project financing in its history, of the vessel FPSO Sepetiba, for a total of $1.6bn. SBM Offshore was established in 1862 and its main...
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2021/09/29
Country: Germany
ECAs: Euler Hermes Deutschland AG
Issue: Climate Change, Human Rights, Oil, Gas and Mining
Member: urgewald
(Urgewald, Berlin, 15 September 2021) A new report by the environmental organisations urgewald and Deutsche Umwelt-Hilfe (DUH) shows that the German government is supporting climate-damaging oil and gas projects with guarantees worth billions of euros. In the report, the organisations examine...
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Briefings & reports from ECA watch members
2021/09/29
Country: Germany
ECAs: Euler Hermes Deutschland AG
Issue: Climate Change, Human Rights, Oil, Gas and Mining
Member: urgewald
Berlin 15.09.2021
A new report by the environmental organisations urgewald and Deutsche Umwelt-Hilfe (DUH) shows that the German government is supporting climate-damaging oil and gas projects with guarantees worth billions of euros.
- German government provides support for oil...
2021/09/29
Issue: Climate Change, End Coal Financing, OECD, Oil, Gas and Mining
(Wall Street Journal, Paris, 14 September 2021) The U.S., the European Union, South Korea and other wealthy nations are moving to forbid their export-financing agencies from supporting coal-fired power projects overseas, in an effort to end government support for a fuel that is one of the world...
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2021/08/31
Issue: Climate Change, End Coal Financing, Oil, Gas and Mining, Renewables
(Global Trade Review, London, 4 August 2021) Export credit agencies (ECAs) are lagging private financial institutions in setting targets for reaching net zero greenhouse gas emissions and are missing opportunities as the energy transition gets underway. That’s the argument of a...
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2021/08/31
Country: France, Italy
ECAs: SACE S.p.A.
Issue: Climate Change, Oil, Gas and Mining
(Construction Review Online, Nairobi, 25 August 2021) Financed to the tune of US$ 1.2bn by a consortium of international banks including CDP Bank, Credit Agricole Bank, and BNP Paribas with the Italian Export Credit Agency (SACE) and the Egyptian Ministry of Finance as guarantors, the Middle...
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