(Resource China, New York, 25 April 2019) Worldwide, a growing list of insurers now refuse to cover coal projects, citing risks from climate change and overcapacity. But Sinosure, the sole underwriter of coal-fired power plants along China’s Belt and Road Initiative (BRI), has yet to show any...
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2019/02/28
Country: Canada
ECAs: Export Development Canada
Issue: Climate Change, End Coal Financing, Oil, Gas and Mining
Member: Above Ground
(Above Ground, Ottawa, 12 February 2019) In January Export Development Canada (EDC) released a new climate change policy. The policy commits EDC to further limit its coal-related investments and increase its support for clean technologies. It does not, however, put in place a clear path to...
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2019/02/27
Country: United Kingdom
ECAs: UK Export Finance (UKEF)
Issue: Climate Change, End Coal Financing
(Guardian, London, 24 February 2019) Former UN Secretary General Ban Ki-moon has urged Britain to stop funding fossil fuel projects overseas, in what he said would mark a test of Theresa May’s commitment to act on climate change. The former UN secretary general said he was deeply concerned that...
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2019/01/30
Country: Canada
ECAs: Export Development Canada
Issue: Climate Change
(Benzinga, Ottawa, 28 January 2019) Export Development Canada today revealed its new Climate Change Policy. The new policy commits EDC to measuring, monitoring and disclosing climate-related risks and opportunities, integrating climate change considerations into business decisions, and...
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2019/01/29
Country: United Kingdom
ECAs: UK Export Finance (UKEF)
Issue: Climate Change, Renewables, Transparency
(UK Parliament, London, January 2019) The Terms of Reference, membership, witness submissions, witness guidelines and the calendar of the UK Parliament's Environmental Audit Committee inquiry into UK Export Finance are now available online.
2018/12/30
Country: China, Japan, Korea
Issue: Climate Change, End Coal Financing
(Science X, Isle of Man, 5 December 2018) Even as China struggles to curb domestic coal-fired power and the deadly pollution it produces, the world's top carbon emitter is aggressively exporting the same troubled technology to Asia, Africa and the Middle East, an investigation by AFP has shown...
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2018/12/30
Country: United Kingdom
ECAs: UK Export Finance (UKEF)
Issue: Climate Change, Oil, Gas and Mining
(EDIE, West Sussex, 3 December 2018) The [Parliamentary] Environmental Audit Committee (EAC) has launched an...
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2018/11/28
Issue: Climate Change, End Coal Financing
Member: Friends of the Earth USA
(Friends of the Earth USA, Washington, 13 November 2018) In order to avoid the worst impacts of climate change, no new fossil fuel power plants should have been built after 2017. Despite this, little-known government agencies called export credit agencies (ECAs) are still providing many...
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2018/11/27
Country: Canada
ECAs: Export Development Canada
Issue: Climate Change, Oil, Gas and Mining
Member: Above Ground
(Windsor Star, Ottawa, 22 November 2018) A new report shows Canada’s export credit agency provides far...
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2018/11/27
Country: Canada
ECAs: Export Development Canada
Issue: Climate Change, Corruption, Human Rights, Transparency
Member: Above Ground, Bank Track, Both ENDS, Friends of the Earth USA
(Above Ground, Ottawa, 12 November 2018) Canada’s Export Development Act is under review. In our submission (pdf) to the government...
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2018/11/27
Issue: Climate Change, End Coal Financing
Member: urgewald
(New York Times, Hanoi, 24 November 2018) Coal, the fuel that powered the industrial age, has led the planet to the brink of catastrophic climate change. Scientists have repeatedly warned of its looming dangers, most recently on Friday, when a...
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2018/11/26
Issue: Climate Change, European Union, Human Rights, Transparency
Member: Re:Common
(Euractiv, Brussels, 20 November 2018) MEPs need to follow the lead of the European Ombudsman and force the European Commission to shine light on the opaque role of national Export Credit Agencies. An important milestone in this direction was set by recent decisions of the Ombudsman Emily O’...
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2018/10/29
Issue: Climate Change, End Coal Financing, Oil, Gas and Mining
Member: urgewald
(Urgewald, Berlin, 4 October 2018) Four days before the International Panel on Climate Change (IPCC) puts forward its special report on 1.5°C, NGOs have released a new list of the world’s top 120 coal plant developers. “Building new coal plants is an assault on the Paris climate goals,” said...
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2018/10/28
Country: United Kingdom
ECAs: UK Export Finance (UKEF)
Issue: Climate Change, Oil, Gas and Mining, Renewables, Transparency
(Global Witness, London, 10 October 208) On the week that the Intergovernmental Panel on Climate Change has released its report on the scale of the challenge to limit the dangers of climate change, the near-simulanteous announcement of new UK Government support for oil and gas abroad has been...
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2018/08/28
Country: USA
ECAs: Export-Import Bank of the United States
Issue: Climate Change, Oil, Gas and Mining
Member: Friends of the Earth USA
(Washington Examiner, Washington, 23 August 2018) The Senate Banking Committee on Thursday voted 25-0 in favor of Kimberly Reed to lead the U.S. Export-Import Bank, the U.S. export credit agency, which the group Friends of the Earth fears could be a move to subsidize fossil fuel...
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