(UN Environment Program, Baku, 4 December 2024) COP29 held in Baku, Azerbaijan, offered an important opportunity for governments and other global stakeholders to put in place the mechanisms, tools and signals required for countries to continue implementing their contributions to the Paris...
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2024/12/31
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Issue: Climate Change, End Coal Financing, European Union, OECD, Oil, Gas and Mining, Renewables
Member: Oil Change International
(Oil Change Int'l, Washington, 20 December 2024) OECD members have failed to pass a landmark deal to end over $40 billion in public subsidies to fossil fuels. Despite last-ditch attempts by senior government and ...
2024/11/30
Issue: BRIC countries, Climate Change, End Coal Financing, European Union, Oil, Gas and Mining, Renewables
(Global Trade Review, London, 27 November 2024) The two-week-long UN Climate Change Conference (Cop29) ended last week with a contentious pledge by wealthy countries to increase climate finance. While the commitment was criticised by developing nations as insufficient, objections from some of...
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2024/11/30
Country: Australia, Canada, Norway, United Kingdom, USA
Issue: Climate Change, End Coal Financing, Oil, Gas and Mining, Renewables
Member: Friends of the Earth USA
(Friends of the Earth, Washington, 21 November 2024) Today at the conclusion of the OECD Export Credit Group negotiations, participating nations failed to reach an agreement on fossil fuel finance, despite scientists’ repeated calls for urgent climate action. While no formal conclusion has been...
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2024/10/31
Country: USA
ECAs: Export-Import Bank of the United States
Issue: Climate Change, Oil, Gas and Mining, Renewables, Transparency
(Hacker News, Mountain View CA, 17 October 2024) As mounting climate concerns cause extreme weather events, & global efforts intensify to keep warming below 1.5°C, Oxfam calls on the Export-Import Bank of the United States (EXIM) to cease funding fossil fuel projects to instead champion...
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2024/10/31
Issue: Climate Change, European Union, OECD, Oil, Gas and Mining, Renewables
Member: Bank Track, Friends of the Earth USA, Oil Change International
(Global Trade Review, London, 14 October 2024) Ahead of crunch talks within the OECD Arrangement, climate groups are pressuring the US, Korea and Japan to agree to a comprehensive proposal that would halt billions of dollars in fossil fuel financing each year. In recent days, over 40...
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2024/10/31
Country: United Kingdom
ECAs: UK Export Finance (UKEF)
Issue: Oil, Gas and Mining, Renewables
(Innovation News, London, 31 October 2024) UK Export Finance (UKEF), the government’s export credit agency, will offer financial support for overseas projects to source critical minerals. Securing contracts that increase the UK’s ability to source critical minerals will help the UK build...
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2024/10/31
Country: United Kingdom, USA
ECAs: Export-Import Bank of the United States, UK Export Finance (UKEF)
Issue: Climate Change, Oil, Gas and Mining, Renewables, Transparency
Member: Friends of the Earth USA
(Friends of the Earth, Merrifield, 4 October 2024) Fossil fuel companies continue to be propped up by the government in the form of public financing like US EXIM. Often, these tax dollars are funding overseas fossil fuel projects wreaking havoc on our environment and local communities in places...
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2024/09/30
Issue: Climate Change, Common Approaches, End Coal Financing, European Union, OECD, Oil, Gas and Mining, Renewables, Transparency
(Bloomberg, 17 September 2024) A group of developed nations will make a new push to resolve differences amid fading prospects for a deal to restrict funding of foreign oil and gas projects by their export credit agencies. Restricting export credit agencies is seen as a potentially important...
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2024/09/30
Issue: Climate Change, End Coal Financing, Oil, Gas and Mining, Renewables, Transparency
Member: Oil Change International
(Guardian, London, 24 September 2024) Rich countries could raise five times the money that poor countries are demanding in climate finance, through windfall taxes on fossil fuels, ending harmful subsidies and a wealth tax on billionaires, research has shown. Developing nations are asking for...
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2024/09/30
Issue: Climate Change, Oil, Gas and Mining, Renewables, Transparency
(Oil Change International, Washington, 24 September 2024) Rich countries can mobilize well over $5 trillion a year for climate action at home and abroad by ending fossil fuel handouts, making big polluters pay, and changing unfair global financial rules. This briefing, endorsed by 36 civil...
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2024/08/31
Issue: Climate Change, Oil, Gas and Mining, Renewables, Transparency
(International Institute for Sustainable Development, Winnipeg, 27 August 2024) Countries are underdelivering on fossil-to-clean energy finance pledge. This report analyzes the progress made by Clean Energy Transition Partnership (CETP) signatories on shifting international public finance away...
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2024/06/30
Country: USA
ECAs: Export-Import Bank of the United States
Issue: Climate Change, OECD, Oil, Gas and Mining, Renewables, Transparency
Member: Friends of the Earth USA
(E&E News, Arlington, 17 June 2024) The fate of an international plan to end a major funding source for fossil fuel projects could be decided this week by U.S. officials. Some of the world’s richest countries will meet behind closed doors starting Monday to discuss a European Union-led...
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2024/06/30
Country: Australia, Canada, China, USA
ECAs: Export Development Canada, Export-Import Bank of the United States
Issue: Oil, Gas and Mining, Renewables
(Mining News, Perth, 19 June 2024) Australian Strategic Materials (ASM) is aiming to become the first global company to go from rare earths mining all the way through to metals. Rare earths are considered critical minerals and demand is set to surge, making ASX-listed ASM well-placed to...
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2023/12/31
Country: Norway
Issue: Climate Change, Common Approaches, Oil, Gas and Mining, Renewables
Member: Oil Change International
(Oil Change International, Washington, 2 December 2023) Norwegian Prime Minister Jonas Gahr Støre announced today that Norway has joined the Clean Energy Transition Partnership (CETP, sometimes called the Glasgow Statement) at the UN COP28 climate summit in Dubai. Boost for CETP which now...
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