(Daily Monitor, Kampala, 30 November 2020) In the wake of Covid-19, there is need for governments to ensure a just recovery and transition to low-carbon energy systems for economic and social recovery. Clearly, the government continues to fail Ugandans in-terms of current fossil fuels...
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(Sydney Morning Herald, London, 12 December 2020) British taxpayers will stop subsidising overseas fossil fuel projects under a pledge by Prime Minister Boris Johnson which opens a new front in the push for more urgent international action on climate change. Johnson will announce the "world-...
more(AFP, Paris 15 November 2020) Energy firms are undertaking financially risky natural gas extraction projects from the Arctic to Africa made feasible by government-backed loans and guarantees, jeopardising efforts to curb global warming, experts say. As pressure from the public and investors to...
more(New Frame, Johannesburg, 20 October 2020) Do transnational fossil fuel corporations promote defence spending over social investment? A long read about a complex situation where export credit agencies have supported hugh MNC oil and gas developments.
(Energy Intelligence Finance, New York, 30 September 2020) French TNC Total's CEO Patrick Pouyanne has emphasized that Africa will be at the "heart" of the company's long-term energy transition plans. Africa has long been a rich source of cash flow for Total (...
more(Christian Aid, London, 20 October 2020) This new report warns that post-Covid stimulus packages are in danger of widening global inequality and pushing poorer countries to turn to fossil fuels, which would threaten the success of the UK’s COP26 climate summit. The world stands at a crucial...
more(Associated Press, Kampala, 13 September 2020) Uganda and Tanzania have signed an agreement for the construction of what they say will be the world’s longest heated oil pipeline, linking Uganda’s planned oil fields in the country’s west to the Indian Ocean port of Tanga. Construction of the 897...
more(Prospect, London, 10 September 2020) Boris Johnson has pledged to end Britain's support for global gas and oil projects. But will the government really make good on its promise? Investors across the world are growing increasingly wary of financing fossil fuels—and for good reason. In an era of...
moreEXIM, Washington, 27 August 2020) The Export-Import Bank of the United States (EXIM) Board of Directors today unanimously voted to notify the U.S. Congress, pursuant to the law, of its consideration of two transactions that would facilitate the authorization of a $350 million general facility...
more(Reuters, London, 18 September 2020) International lenders have lined up about $9.5 billion in financial support for a Russian Arctic liquefied natural gas (LNG) project, a document seen by Reuters showed, even as such projects come under greater scrutiny over climate concerns. The $21 billion...
more(Business Wire, Saskatoon, 31 August 2020) Gensource Potash Corporation, a Canadian fertilizer development company focused on sustainable potash production, announces the successful completion of the next major milestone for its Tugaske Project. Gensource has now received approval of its...
more(Aluminum Insider, Paris, 30 August 2020) With full production at its alumina refinery in Abu Dhabi, coupled with the beginning of production at GAC, EGA says it has completed its strategic upstream expansion. GAC is one of the biggest greenfield investments in Guinea in over four decades, made...
more(MSN News, London, 12 August 2020) Boris Johnson is poised to sign off new rules barring the UK government’s chief foreign lender from offering financial support to foreign fossil fuel projects. The new policy, which could come as soon as this week, will rule out future loans and financial...
more(Global Trade review, London, 12 August 2020) The Export-Import Bank of the United States (US Exim) has penned a US$75mn credit guarantee facility (CGF) with state-backed Argentinian energy company YPF. US Exim will cover a loan from Bank of America as part of the deal, with YPF – the biggest...
more(AllAfrica, Cairo, 6 August 2020) The African Export-Import Bank (Afreximbank) is supporting the advancement of Mozambique’s energy industry and economy by committing up to US$400 million in guarantees and direct lending to the Area 1 LNG Project. The Total Project is estimated to cost about US...
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