(Washington Examiner, Washington, 23 August 2018) The Senate Banking Committee on Thursday voted 25-0 in favor of Kimberly Reed to lead the U.S. Export-Import Bank, the U.S. export credit agency, which the group Friends of the Earth fears could be a move to subsidize fossil fuel...
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2018/08/28
Country: USA
ECAs: Export-Import Bank of the United States
Issue: Climate Change, Oil, Gas and Mining
Member: Friends of the Earth USA
2018/07/28
Issue: Oil, Gas and Mining
(Reuters, London, 12 July 2018) Exxon Mobil will expand its Rovuma liquefied natural gas (LNG) project in Mozambique by half to cut production costs as the partners prepare to book the plant's supply and formally tap lenders in September, the company told Reuters. The U.S. oil giant took charge...
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2018/07/28
Country: France, Germany, Italy
ECAs: Euler Hermes Deutschland AG, SACE S.p.A.
Issue: Climate Change, Oil, Gas and Mining
(Azernews, New York, 28 July 2018) A presentation titled “Turkmenistan-Afghanistan-Pakistan-India (TAPI) Gas Pipeline: A new energy Great Silk Road to provide access to reliable, sustainable and modern energy for all” was organized at the headquarters of the United Nations Development Program (...
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2018/07/28
Country: China, France, Germany, Iran, Russia, United Kingdom
Issue: Nuclear, Oil, Gas and Mining
(AFP, Vienna, 6 July 2018) Iran’s remaining partners in the 2015 nuclear deal vowed Friday to keep the energy exporter plugged into the global economy despite the US withdrawal and sanctions threat. Britain, France and Germany along with Russia and China met with Iran in Vienna to offer...
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2018/07/28
Country: Netherlands, USA
Issue: Climate Change, Human Rights, Oil, Gas and Mining, Transparency
Member: Bank Track
(Tampa Bay Times, Bismark, 26 July 2018) A federal judge has ruled that the developer of the Dakota Access oil pipeline has no claim under federal racketeering law for damages against a Dutch environmental group that urged banks not to finance the $3.8 billion project. U.S. District Judge Billy...
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2018/07/24
Issue: End Coal Financing, Oil, Gas and Mining
(Oil Change International, Washington, 23 July 2018) Each year, approximately $20 billion from government-backed financial institutions around the world flows to energy projects in Africa. According to a new analysis by Oil Change International, nearly 60 percent of this finance from 2014...
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2018/06/30
Country: Russia
Issue: Oil, Gas and Mining
(Energy Reporters, Istanbul, 20 June 2018) Russian state-run gas monopoly Gazprom has committed to invest US$1.2 billion in exploration and production at the Vitiacua onshore field in southern Bolivia. “This contract will mean an investment by Gazprom of US$1.2 billion, the drilling of two...
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2018/06/28
Issue: Oil, Gas and Mining
Member: Friends of the Earth USA
(AfricaNews/Reuters, Maputo, 12 June 2018) The U.S. embassy in Mozambique said Americans should consider leaving a northeastern district close to a major gas field as imminent attacks are likely after suspected Islamist militants beheaded 10 people and killed seven others since May. Anadarko...
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2018/06/01
Issue: Oil, Gas and Mining
Member: Friends of the Earth USA
(Reuters, London, 18 May 2018) - Anadarko Petroleum is seeking to raise a record $14-$15 billion from banks and export credit agencies for its huge liquefied natural gas (LNG) project in Mozambique, sources close to the matter said. Fast-growing gas demand from China and Southeast Asia is...
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2018/05/31
Country: Australia
ECAs: Export Finance and Insurance Corporation
Issue: Human Rights, Oil, Gas and Mining
Member: Jubilee Australia
(Australian Associated Press, Sydney, 1 May 2018) Papua New Guinea’s prime minister has dismissed as “fake news” a report that claims a partially Australian-funded liquefied natural gas project is failing to deliver a promised economic boom to...
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2018/04/30
Country: Australia
ECAs: Export Finance & Insurance Corporation Australia
Issue: Oil, Gas and Mining
Member: Jubilee Australia
(Jubilee Australia, Sydney, 29 April 2018) A new report on the economy of Papua New Guinea will reopen the case for the Australian government to be held accountable for the negligent decision to lend AU$500 million (US$376.5 million) of taxpayers' money to the PNG-LNG project. Jubilee Australia...
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2018/04/30
Country: USA
ECAs: Export-Import Bank of the United States
Issue: Climate Change, Oil, Gas and Mining, Renewables
(Observer Research Foundation Online, New Delhi, 19 April 2018) The role of Export Credit Agencies (ECAs) in promoting climate compatible development has been controversial. Despite independent and collaborative efforts from countries ensuring that [environmental degradation] is not an option...
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2018/03/31
Country: USA
Issue: Climate Change, Human Rights, Oil, Gas and Mining
Member: Bank Track
(WTOP, Washington, 30 March 2018) Texas-based pipeline developer Energy Transfer Partners in August sued Earth First, Greenpeace and BankTrack for up to $1 billion, alleging they disseminated false and misleading information about the $3.8 billion pipeline that’s now moving oil from North...
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2018/03/31
Issue: Climate Change, End Coal Financing, Oil, Gas and Mining
Member: Bank Track
(BankTrack, Amsterdam, 28 March 2018) A report released today by Rainforest Action Network, BankTrack, Indigenous Environmental Network, Oil Change International, Sierra Club, and Honor The Earth, endorsed by over 50 organisations around the world, reveals that in spite of the urgent climate...
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2018/03/30
Country: China, Japan
ECAs: EXIM Bank China, Japan Bank for International Cooperation
Issue: Climate Change, Oil, Gas and Mining
(Global Development Policy Cente, Boston, 28 February 2018) ABSTRACT In a very short period, Export-Import Bank of China (CHEXIM) and China Development Bank (CDB) have become some of the largest Export Credit Agencies in the world. This paper examines the extent to which CHEXIM and CDB behave...
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