(JACSES, Tokyo, 22 June 2022) It has been reported that the Ministry of Foreign Affairs announced to halt Official Development Assistance (ODA) to the Matarbari 2 in Bangladesh and the Indramayu coal-fired power project in Indonesia. Both projects have been...
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2022/06/30
Country: Indonesia, Japan, Russia
ECAs: Japan Bank for International Cooperation
Issue: Climate Change, End Coal Financing, Oil, Gas and Mining
2022/06/29
Issue: Climate Change, End Coal Financing, Oil, Gas and Mining
(Global Trade Review, London, 1 June 2022) Following talks in Berlin on May 27, G7 climate, energy and environment ministers issued a communique in which they promised to halt new public finance for the unabated fossil fuel sector by the end of the year, except in “limited circumstances clearly...
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2022/05/30
Issue: Climate Change, End Coal Financing, Oil, Gas and Mining, Transparency
(Oil Change International, Washington, 19 May 2022) Today, 122 civil society groups are releasing letters to eleven government signatories to the Glasgow Statement on International Public Support for the Clean Energy Transition, laying out the actions they must take as soon as possible to meet...
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2022/05/30
Country: Australia
ECAs: Export Import Bank of Korea
Issue: Climate Change, Human Rights, Oil, Gas and Mining
(Global Trade Review, London, 25 May 2022) A South Korean court has dismissed an application by traditional owners in Australia for an injunction to prevent South Korean public finance institutions from supporting a proposed gas export project. Representatives of the...
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2022/05/30
Country: Italy
ECAs: SACE S.p.A.
Issue: Climate Change, Oil, Gas and Mining
Member: Bank Track, Re:Common
(Banktrack, Nijmegen, 20 May 2022) The coalition to #StopEACOP celebrates this week’s news that five banks including Deutsche Bank, Citi, JPMorgan Chase, Wells Fargo and Morgan Stanley have confirmed they will not join the project loan to finance the East African Crude Oil Pipeline (EACOP)....
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2022/04/30
Country: United Kingdom
ECAs: UK Export Finance (UKEF)
Issue: Climate Change, Human Rights, Oil, Gas and Mining, Transparency
(Global Trade Review, London, 20 April 2022) Friends of the Earth says it will continue its fight against UKEF's decision to provide US$1.15bn of support to a natural gas project in Mozambique, after a split judgement from two UK High Court judges. In a judgement handed down last month, Justice...
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2022/04/30
Country: USA
ECAs: Export-Import Bank of the United States
Issue: Climate Change, Oil, Gas and Mining, Renewables, Transparency
(Bloomberg, Washington, 13 April 2022) The U.S. Export-Import Bank approved a plan Thursday that could yield a flood of financing for U.S. energy ventures, including wind and solar projects, battery manufacturing and terminals to sell LNG overseas. The bank’s board voted 3-0 on a formal policy...
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2022/04/30
Country: Australia
ECAs: Export Import Bank of Korea, Japan Bank for International Cooperation
Issue: Climate Change, Oil, Gas and Mining
(VICE, Brooklyn, 6 April 2022) The South Korean government has shelved plans to pour $700 million into a massive $4.7 billion gas project in Australia’s Timor Sea far north offshore after Tiwi Island Indigenous leaders from the region took them to court, according to government meeting notes...
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2022/04/30
Country: Canada
ECAs: Export Development Canada
Issue: Climate Change, End Coal Financing, Oil, Gas and Mining, Renewables
(National Observer, Vancouver, 6 April 2022) Canada’s recently published emissions reduction plan provides a roadmap for how Ottawa plans to hit its 2030 climate targets, but critics say until the financial sector is aligned with climate goals, the government's plans are “derelict.”...
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2022/04/29
ECAs: Euler Hermes Deutschland AG, SACE S.p.A.
Issue: Climate Change, End Coal Financing, Human Rights, Oil, Gas and Mining
(New York Times, Kampala, 8 April 2022) Vanessa Nakate, Ugandan climate justice activist, notes that this week, the panel of climate experts convened by the UN delivered a clear message: To stand a chance of curbing dangerous climate change, we can’t afford to build more fossil fuel...
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2022/04/29
Issue: Climate Change, End Coal Financing, Oil, Gas and Mining, Renewables, Transparency
(Global Trade Review, London, 11 April 2022) Momentum continues to build around environmental, social and governance efforts in trade and trade finance. Every week, we report on encouraging new developments, including a recent decision by the European Council that gives export credit agencies (...
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2022/04/29
Issue: Climate Change, End Coal Financing, Oil, Gas and Mining, Renewables
(Oil Change, Washington, 28 April 2022) Public finance institutions shape our future energy systems. They are uniquely positioned to catalyze a just, transformative, and rapid transition to clean energy and a livable future — if we can hold them accountable to their public-interest mandates....
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2022/03/31
Country: Canada
ECAs: Export Development Canada
Issue: Climate Change, End Coal Financing, Oil, Gas and Mining, Renewables, Transparency
Member: Above Ground
(Globe & Mail, Toronto, 28 March 2022) Canada’s export credit agency is looking to capitalize on the growing trend for sustainable investing, launching a set of new financial tools aimed at supporting socially oriented businesses and helping large greenhouse gas emitters reduce their carbon...
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2022/03/30
Country: United Kingdom
ECAs: UK Export Finance (UKEF)
Issue: Climate Change, Oil, Gas and Mining
(Drill or Drop, London, 15 March 2022) Two judges have disagreed in what could be a landmark case over whether the UK government acted lawfully in approving $1.15bn financing for a liquified natural gas (LNG) project in Mozambique. The case at the High Court, brought by Friends of the Earth,...
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Letters & statements
2022/03/30
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Issue: Climate Change, End Coal Financing, Oil, Gas and Mining
March 15, 2022
Contact:
- Niels Hazekamp, Senior Policy Advisor Both ENDS, +31 6 81 9062 81
- Antonio Tricarico, Programs Director, ReCommon, +39 328 8485448
- Bronwen Tucker, Campaign Manager, Oil Change International, +1 587 926 7601 ...