(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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(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...
more(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...
more(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...
more(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...
more(Oil Change International, Washington, 22 October 2021) Today the OECD Export Credit Group announced new restrictions on its...
more(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...
more(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.
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INTERNATIONAL PRESS RELEASE
Governments worsen climate crisis with USD billions in export finance
... more(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 $1.6bn. SBM Offshore was established in 1862 and its main...
more(Urgewald, Berlin, 15 September 2021) A new report by the environmental organisations urgewald and Deutsche Umwelt-Hilfe (DUH) shows that the German government is supporting climate-damaging oil and gas projects with guarantees worth billions of euros. In the report, the organisations examine...
moreBerlin 15.09.2021
A new report by the environmental organisations urgewald and Deutsche Umwelt-Hilfe (DUH) shows that the German government is supporting climate-damaging oil and gas projects with guarantees worth billions of euros.
- German government provides support for oil...
(Wall Street Journal, Paris, 14 September 2021) The U.S., the European Union, South Korea and other wealthy nations are moving to forbid their export-financing agencies from supporting coal-fired power projects overseas, in an effort to end government support for a fuel that is one of the world...
more(Global Trade Review, London, 4 August 2021) Export credit agencies (ECAs) are lagging private financial institutions in setting targets for reaching net zero greenhouse gas emissions and are missing opportunities as the energy transition gets underway. That’s the argument of a...
more(Construction Review Online, Nairobi, 25 August 2021) Financed to the tune of US$ 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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