(TFI Global News, Noida Uttar Pradesh, 29 December 2023) German-African Business Association: Ever since the Russia-Ukraine war the importance of Africa has skyrocketed. Now every major power today wants to expand their footprint in the continent. Today there is a great surge of foreign...
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2022/12/31
Country: Germany
ECAs: Euler Hermes Deutschland AG
Issue: Climate Change, Oil, Gas and Mining
2022/12/28
Country: Italy
ECAs: SACE S.p.A.
Issue: Climate Change, Common Approaches, End Coal Financing, Human Rights, Oil, Gas and Mining, Transparency
(Fitch, Milan, 29 November 2022) Fitch Ratings has affirmed that SACE's shares were transferred back to the national government from Cassa Depositi e Prestiti SpA (BBB/Stable) in March 2022, changing SACE's mission from an unregulated export credit insurer to a government agency underwriting...
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2022/12/28
Country: Canada
ECAs: Export Development Canada
Issue: Climate Change, End Coal Financing, Oil, Gas and Mining
(Greenpeace, Toronto, 12 December 2022) Canada has joined the growing ranks of nations promising to end international financing of fossil fuels (though there are some worrisome exceptions). The Financial Post immediately warned that without taxpayer subsidies it would be more expensive for...
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2022/11/30
Country: Italy
ECAs: SACE S.p.A.
Issue: Climate Change, Oil, Gas and Mining
Member: Oil Change International, Re:Common
(Oil Change International, Washington, 30 November 2022) Despite pledging to stop international financing for fossil fuel projects by the end of 2022, new analysis shows that the Italian Government is continuing to actively consider financing for major international fossil fuel projects. Taken...
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2022/11/30
Issue: Oil, Gas and Mining
(Zawya, Dubai, 7 November 2022) Kuwait is planning to spend 13.3 billion Kuwaiti dinars ($44 billion) on oil production, exploration and other projects until 2025, a newspaper in the OPEC producer reported on Monday. The investments are part of a 5-year plan approved in 2021 and envisages total...
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2022/11/30
Country: Australia
ECAs: Export Finance and Insurance Corporation
Issue: Climate Change, Oil, Gas and Mining
Member: Oil Change International
(Yahoo News, Sydney, 1 November 2022) Australia is being urged to change course and end taxpayer-funded investment in fossil fuel projects. Ahead of climate talks in Cairo, campaigners are calling for the Albanese government to join a group of countries that last year pledged to end...
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2022/11/30
Issue: Climate Change, End Coal Financing, OECD, Oil, Gas and Mining, Renewables
Member: Bank Track, Both ENDS, Friends of the Earth Japan, Friends of the Earth USA, Jubilee Australia, Les Amis de la Terre, Oil Change International, Re:Common, urgewald
(Price of Oil, Washington, November 2022) This document signed by 54 international civil society organizations outlines how the OECD Arrangement on Officially Supported Export Credits can align with the Paris Agreement warming target of 1.5°C by placing restrictions on export support for oil...
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2022/11/29
Country: Australia, Canada, France, Germany, Italy, Netherlands, United Kingdom, USA
ECAs: Atradius, Bpifrance, Euler Hermes Deutschland AG, Export Development Canada, Export-Import Bank of the United States, SACE S.p.A., UK Export Finance (UKEF)
Issue: Climate Change, Common Approaches, End Coal Financing, European Union, OECD, Oil, Gas and Mining, Transparency
Member: Friends of the Earth USA, Oil Change International
(Financial Management Magazine, Durham, 4 November 2022) As noted in our October What's New, ten European countries had agreed to spell out this year how they will limit export finance support for overseas fossil fuel projects. But they shelved...
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2022/11/29
Issue: Climate Change, End Coal Financing, G20, OECD, Oil, Gas and Mining
Member: Friends of the Earth USA, Oil Change International
(Oil Change International, Washington, 1 November 2022) OCI's new report “At a Crossroads: Assessing G20 and MDB international energy finance ahead of stop funding fossils pledge deadline” looks at G20 country and MDB traceable international public finance for fossil fuels from 2019-2021 and...
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2022/10/30
Country: USA
ECAs: Export-Import Bank of the United States
Issue: Climate Change, End Coal Financing, Oil, Gas and Mining
Member: Friends of the Earth USA
(Friends of the Earth US, Washington, 24 October 2022) Friends of the Earth US has produced a 16 page backgrounder on U.S. international energy finance ahead of the COP27 Deadline to Stop Funding Fossils. From 2010 to 2021, the United States’ major trade and development finance institutions,...
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2022/10/30
Country: Korea
ECAs: Export Import Bank of Korea
Issue: Human Rights, Oil, Gas and Mining
Member: Friends of the Earth USA
(Friends of the Earch US, Washington, 24 October 2022) During the annual National Assembly audit this month, Korea Export-Import Bank (KEXIM) and Korea Trade Insurance Corporation (K-SURE) were questioned by assembly members on their decision to finance the Barossa gas project in Australia. The...
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2022/10/29
Country: Brazil
Issue: Climate Change, Oil, Gas and Mining
(UpStream Online, Oslo, 3 October 2022) The world needs to put the right emphasis onto the security aspect of energy policy, with deep-water oil and gas developments playing a key role in this reset, Bruno Chabas, head of Dutch floating production giant SBM Offshore told an audience at the Rio...
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2022/10/29
Issue: Climate Change, End Coal Financing, Oil, Gas and Mining, Transparency
(Oil Change International, Washington, 12 October 2022) Finland has joined a growing list of countries making good on a key pledge from the UN COP26 climate summit in Glasgow last year, by releasing a new policy ending almost all support for fossil fuels via Finnvera, the Finnish Government’s...
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2022/10/29
Country: Belgium, Denmark, Finland, France, Germany, Italy, Netherlands, Spain, Sweden, United Kingdom
ECAs: SACE S.p.A.
Issue: Common Approaches, European Union, Oil, Gas and Mining, Transparency
(Reuters, Brussels, 2 November 2022) Italy is attempting to weaken a pledge 10 European governments intend to make to stop export credit support for fossil fuel projects. The pressure from Italy comes as delegates from nearly 200 countries prepare for a United Nations climate change summit next...
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2022/09/28
Country: Canada, France, Germany, USA
ECAs: Bpifrance, Euler Hermes Deutschland AG, Export Development Canada, Export-Import Bank of the United States
Issue: Climate Change, Common Approaches, End Coal Financing, European Union, Oil, Gas and Mining
Member: Oil Change International
(Oil Change International, Washington, 26 September 2022) the French Government has published a new policy that restricts public finance for fossil fuels from the French export credit agency, BPIFrance. This policy is meant to implement France’s commitment to end international public finance...
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