(ECA Watch, Ottawa, 30 June 2022) Sanctions on Russian fossil fuel exports have generated conflict over ECA support for African fossil fuel development. Existing ECA African projects include, for example, UKEF's reluctance to end discussion of...
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2022/06/30
ECAs: Japan Bank for International Cooperation, SACE S.p.A., UK Export Finance (UKEF)
Issue: Climate Change
2022/06/29
Country: United Kingdom
ECAs: UK Export Finance (UKEF)
Issue: Climate Change, Renewables
UK Export Finance (UKEF), was named the world’s best for sustainable finance at the TXF Global Export Finance Conference in Lisbon on Tuesday.June 7...
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2022/05/30
Country: United Kingdom
ECAs: UK Export Finance (UKEF)
Issue: Climate Change
(Institute of Export and International Trade, London, 18 May 2022) UK International trade secretary Anne-Marie Trevelyan has said green trade is central to growing the UK’s economy, achieving net zero and driving prosperity, as well as “De-Putinising” the global economy by cutting reliance on...
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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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2022/03/30
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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2022/03/30
ECAs: Bpifrance, Export Development Canada, UK Export Finance (UKEF)
Issue: Climate Change, European Union, Renewables, Transparency
Member: Above Ground
(Berne Union, London, 17 March 2022) The group leverages the Berne Union network to connect innovation in export credit with global problem-solving around climate challenges and sustainable development. The ultimate objective of the Climate Working Group is to accelerate climate action in the...
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2021/12/31
Country: United Kingdom
ECAs: UK Export Finance (UKEF)
Issue: Climate Change, Oil, Gas and Mining
(Reuters, London, 7 December 2021) – A legal challenge by Friends of the Earth against the British government will be heard on Tuesday in the High Court seeking to block a $1.15 billion financing for a Liquefied Natural Gas (LNG) project in Mozambique, the environmental activist group said on...
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2021/09/29
Country: United Kingdom
ECAs: UK Export Finance (UKEF)
Issue: Climate Change
(Energy Live News, London, 23 September 2021) The UKEF has committed to making all of its £50 billion capacity carbon-neutral by 2050 on a net basis. Through its new climate strategy, the country’s export credit agency will increase its support for clean growth, renewables and climate...
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2021/08/31
ECAs: UK Export Finance (UKEF)
Issue: Climate Change, Oil, Gas and Mining
(All Africa, Cape Town, 23 August 2021) The withdrawal by risk averse lenders from the East African Crude Oil Pipeline has seen the cost of the project rise by 30 percent to $5 billion, meaning shareholders will be forced to dig deeper into their coffers to fund it. Shareholders of...
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2021/06/29
Country: Canada, France, Germany, Italy, Japan, United Kingdom, USA
ECAs: UK Export Finance (UKEF)
Issue: Climate Change, End Coal Financing, Oil, Gas and Mining, Transparency
(Global Trade Review, London, 16 June 2021) Environmental campaign groups are switching their aim to public and private financing for natural gas projects as they get closer to winning the battle over thermal coal. But the only firm commitments on financing have been on thermal coal, where the...
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2021/04/28
Country: Canada, Denmark, France, Germany, Netherlands, Spain, Sweden, United Kingdom, USA
ECAs: COFACE, Denmark EKF, Euler Hermes Deutschland AG, Export Development Canada, Export-Import Bank of the United States, UK Export Finance (UKEF)
Issue: Climate Change
(Oil Change International, Washington, 15 April 2011) In response to the launch of a new Export Finance for the Future coalition (E3F), 21 civil society organizations (CSOs) from 14 countries...
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2021/04/28
Country: United Kingdom
ECAs: Export-Import Bank of the United States, UK Export Finance (UKEF)
Issue: Climate Change, Human Rights, Oil, Gas and Mining
(Africa Times, Roubaix, 22 April 2021) The British government’s investment in developing liquified natural gas (LNG) projects in Mozambique – projects contributing to the conflict and instability in the country’s north – is headed for judicial review following a successful legal filing from the...
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2021/03/31
Country: China, France, India, Japan, Korea, United Kingdom, USA
ECAs: COFACE, Export Import Bank of Korea, Export-Import Bank of the United States, Japan Bank for International Cooperation, UK Export Finance (UKEF)
Issue: Climate Change, Human Rights, Oil, Gas and Mining
(Global Trade Review, London, 31 March 2021) French energy major Total has been forced to suspend operations at its liquified natural gas (LNG) project in northern Mozambique for the second time this year, after a fresh attack by insurgents which killed dozens of local and foreign citizens,...
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2021/02/28
Country: United Kingdom
ECAs: UK Export Finance (UKEF)
Issue: Climate Change, Oil, Gas and Mining
(The Telegraph, London, 6 February 2021) The Government promised last year to end taxpayer support for fossil fuel projects overseas. The UK is poised to back a major Brazilian offshore oil project that will contribute the same emissions as 800,000 cars annually, despite its promise to end...
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2020/12/29
Country: United Kingdom
ECAs: COFACE, Euler Hermes Deutschland AG, SACE S.p.A., UK Export Finance (UKEF)
Issue: Climate Change, Oil, Gas and Mining
(Sydney Morning Herald, London, 12 December 2020) British taxpayers will stop subsidising overseas fossil fuel projects under a pledge by Prime Minister Boris Johnson which opens a new front in the push for more urgent international action on climate change. Johnson will announce the "world-...
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