(Jubilee Australia, NSW, 18 July 2023) Jubilee Australia, a human rights and environmental organisation, has filed legal proceedings this morning (18th July) in the Federal Court of Australia against federal government agencies that subsidise new fossil fuel projects but don’t disclose the full...
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2023/08/31
Country: Australia
ECAs: Export Finance & Insurance Corporation Australia
Issue: Climate Change, Oil, Gas and Mining, Renewables, Transparency
Member: Jubilee Australia
2023/08/31
ECAs: Euler Hermes Deutschland AG
Issue: Climate Change, Oil, Gas and Mining, Renewables, Transparency
(Energy Portal EU, London, 12 August 2023) The transition to clean energy is sparking intense debates as the climate crisis worsens. While cities, universities, and pension funds across the U.S. have divested from fossil fuels, the divestment movement has faced obstacles. In California, a bill...
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2023/08/31
Issue: Climate Change, Common Approaches, OECD, Oil, Gas and Mining, Renewables, Transparency
(Sullivan&Cromwell LLP, New York, 10 August 2023) On July 14, the OECD published the revised text of the Arrangement on Officially Supported Export Credits (the “Arrangement”). This forms part of the landmark modernisation of the Arrangement, as previewed in...
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2023/05/30
Issue: Climate Change, End Coal Financing, OECD, Oil, Gas and Mining, Renewables, Transparency
(Reinsurance News, Brighton, 15 May 2023) Berne Union, the global association for the export credit and investment insurance industry, has reported that its market showed “strong growth” across business lines in 2022 and a fall in claims paid overall. Highlights from the year’s data show that...
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2023/05/30
Country: Canada
Issue: Oil, Gas and Mining, Renewables, Transparency
(Environmental Defence, Ottawa, 15 April 2023) In a letter to Prime Minister Trudeau, a broad range of Canadian organizations note that it has been over a decade since Canada first committed to ending inefficient fossil fuel subsidies. Instead of fulfilling this promise, the Government of...
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2023/05/30
Issue: Climate Change, Common Approaches, OECD, Oil, Gas and Mining, Renewables
(Global Trade Review, London, 24 May 2023) The export credit agencies (ECAs) of OECD countries should take more ambitious action to protect the climate after pouring 77% of their spending into fossil fuel projects between 2018 and 2020, a campaign group has argued. OECD members pumped an annual...
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2023/04/30
Country: Australia
ECAs: Export Finance & Insurance Corporation Australia
Issue: Climate Change, Oil, Gas and Mining, Renewables
(Lowy Institute, Sydney, 6 April 2023) Since 2009 EFA has helped to underwrite global heating by providing roughly AU$1.69 billion to fossil fuel firms, while offering a relatively paltry AU$20 million for renewable energy projects. Last year, many of Australia’s key allies signed the so-called...
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2023/04/30
Issue: Climate Change, End Coal Financing, OECD, Oil, Gas and Mining, Renewables
(Trade Finance Global, London, 7 April 2023) A modernisation package agreed in principle by participants will specifically allow countries to offer greater support for green projects while also expanding the use of export credits in the context of an evolving world economy and an increasingly...
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2023/03/29
Issue: Climate Change, Common Approaches, End Coal Financing, European Union, OECD, Oil, Gas and Mining, Renewables, Transparency
(Oil Change International, Washington, 15 March 2023) Promise Breakers, a report released today by Oil Change International, reveals that the Glasgow Statement, a joint commitment forged at the 2021 UN climate summit (COP26...
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2023/03/29
Issue: Climate Change, Common Approaches, Human Rights, OECD, Oil, Gas and Mining, Renewables
Member: Oil Change International
(Global Trade Review, London, 15 March 2023) A meeting of the OECD Arrangement on export credits ended last week without an announcement of a breakthrough on any key planks in its modernisation agenda. The arrangement was created to avoid like-minded countries from undercutting each other on...
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2023/02/27
Country: South Africa
Issue: Climate Change, End Coal Financing, Oil, Gas and Mining, Renewables
(Creamer Media's Engineering News, Pretoria?, 13 February 2023) With the world population recently crossing the 8 billion mark and Africa expected to contribute more than half of the projected increase in the global population up to 2050, now more than ever, access to reliable, sustainable, and...
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2023/01/30
Issue: Climate Change, Debt, End Coal Financing, Oil, Gas and Mining, Renewables
(Engineering News, Johannesburg 12 January 2023) The path to decarbonizing the energy sector is not a “one-size-fits-all” between developed and developing markets. Given the historical strain between developed economies (which modernized with fossil fuels) and developing economies (now being...
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2023/01/30
Issue: Climate Change, Oil, Gas and Mining, Renewables
(ECA Watch, Ottawa, 30 January 2023) A series of articles appearing in our Google Alert searches for "export Credit" point to a number of interesting pieces on ECAs and hydrogen....
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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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2022/07/30
Country: Belgium
Issue: Climate Change, End Coal Financing, Oil, Gas and Mining, Renewables
(Oil Change International, Washington, 15 July 2022) Today the Belgian export credit agency Credendo published a new policy to shift public finance out of fossil fuels and into clean energy. The policy is meant to implement a commitment that Belgium made alongside 33 other countries and 5...
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