(ClimateWire, 13 August 2015) In the northern Greek city of Ptolemaida, a new 660-megawatt power plant that burns lignite, a plentiful soft brown coal, is scheduled to be built by 2020. The European Investment Bank has withdrawn funding from the project because of its high CO2 emissions and...
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2015/08/29
Country: Germany
Issue: Activists demand end of massive OECD support for fossil fuels, Climate Change, Oil, Gas and Mining
2015/07/29
Country: France
ECAs: COFACE
Issue: Climate Change, Oil, Gas and Mining
(Bellona Foundation, Oslo, 20 July 2015) Earlier this year the French government announced plans to withdraw credits for the construction of coal power plants in developing countries (‘export credits’). The French President noted that guarantees would only be granted to plants equipped with...
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2015/07/29
Country: Japan
ECAs: Japan Bank for International Cooperation, Nippon Export and Investment Insurance
Issue: Climate Change, Oil, Gas and Mining
(Reuters, Brussels, 27 July 2015) EU bosses are pushing to resolve a clash between industry and environmental policy with a new strategy to phase out funding to export coal technology to developing nations, ahead of a meeting of leading economic powers on the issue. The European Commission, the...
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2015/06/30
Country: USA
ECAs: Export-Import Bank of the United States
Issue: Aircraft, Oil, Gas and Mining
(Al-Monitor, Washington, 11 June 2015) Companies from Saudi Arabia and the United Arab Emirates together pulled in about $12 billion in trade financing over the past five years — 8.5% of the $141 billion global total — to help pay for nuclear reactors, industrial power generators and new fleets...
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2015/06/30
Country: Italy
ECAs: SACE S.p.A.
Issue: Oil, Gas and Mining
(Global Trade Review, Rome, 5 June 2015) Italian export credit agency Sace has guaranteed a line of credit worth US$200mn for Angolan national oil company Sonangol, GTR is able to confirm.The goal is to increase the export of goods and services between Italian companies active...
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2015/06/30
Country: Germany
ECAs: Euler Hermes Deutschland AG
Issue: Climate Change, Oil, Gas and Mining
In two separate news items this month, KfW IPEX-Bank of Germany brags about financing the world's largest, non-polluting clipper ship along with...
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2015/06/30
Issue: Climate Change, Oil, Gas and Mining
A substantial number of articles appeared this month highlighting massive export credit support for coal projects
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2015/06/30
ECAs: Japan Bank for International Cooperation, Nippon Export and Investment Insurance
Issue: Climate Change, Oil, Gas and Mining
(St. Louis Post-Dispatch, Brussels, 12 June 2015) Talks on phasing out a form of coal subsidies ended in stalemate as Japan, the biggest user of the aid, led calls for more time in defiance of this week's G7 pledge on fossil fuel subsidies, sources said. The Paris-based Organization for...
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2015/05/30
Issue: Climate Change, Oil, Gas and Mining
(Reuters, Barcelona, 27 May 2015) The world's richest nations are unlikely to reach a deal to phase out subsidies for coal exports at talks in June, reducing the chances of a new global climate change agreement at a U.N. conference in Paris, officials and campaigners say. The export credits...
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2015/04/30
Issue: Oil, Gas and Mining
(Capital.gr, Moscow, 13 April 2015) Russian energy firm OAO Novatek (NVTK.MZ) may secure $5 billion from export credit agencies for its $27-billion natural-gas project in the Russian Arctic by mid-year, according to the company's chief executive, Interfax news agency reported Monday. Financing...
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2015/03/31
Country: Australia, USA
Issue: Climate Change, Oil, Gas and Mining
(Sydney Morning Herald, Sydney, 26 March 2015) The Abbott government has again put itself on a collision course with US President Barack Obama, this time over government funding for coal-fired power plants. After adopting a contrary position to the US on the Asian Infrastructure Investment Bank...
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2015/03/31
Issue: Climate Change, Oil, Gas and Mining
(Huffington Post, 13 March 2015) As the 34 member countries of the Organization for Economic Cooperation and Development (OECD) met in Paris last week, Oil Change International released a new...
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2015/03/31
Issue: Climate Change, Oil, Gas and Mining
(Reuters, Brussels, 30 March 2015) Rich nations provided around five times as much in export subsidies for fossil-fuel technology as for renewable energy over a decade, according to OECD data seen by Reuters. The Organisation for Economic Cooperation and Development (OECD) figures on export...
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2015/02/28
Country: Italy, Netherlands, United Kingdom, USA
ECAs: Atradius, Export-Import Bank of the United States, SACE S.p.A., UK Export Finance (UKEF)
Issue: Corruption, Oil, Gas and Mining
(Morning Star, London, 20 February 2015) Recently released HSBC files reveal that the bank's Swiss branch held accounts for Jeffrey Tesler, a London lawyer...
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2015/02/28
Country: Australia
ECAs: Export-Import Bank of the United States
Issue: Oil, Gas and Mining
(Sierra Club, Washington 11 February 2015) A coalition of scientists, business owners, Australian elected officials, and civil society groups from the U.S. and Australia -- including the Sierra Club and Friends of the Earth U.S. -- sent a letter to U.S. Export-Import Bank (Ex-Im) Chairman Fred...
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