(Friends of the Earth, Washington, 23 January 2024) Civil society and environmental groups today requested that the US Export-Import Bank withdraw funding from the Trafigura Group, a major global commodity trader. In December,...
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2024/01/30
Country: USA
ECAs: Export-Import Bank of the United States
Issue: Climate Change, Corruption, Oil, Gas and Mining, Transparency
Member: Friends of the Earth USA
2024/01/30
Country: USA
ECAs: Export-Import Bank of the United States
Issue: Climate Change, Oil, Gas and Mining, Transparency
Member: Friends of the Earth USA
(New York Times, New York, 26 January 2024) Even as the Biden administration, under pressure from environmentalists, hits pause on its approval of a major natural gas export terminal in the...
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2023/12/31
Country: USA
ECAs: Export-Import Bank of the United States
Issue: Climate Change, Oil, Gas and Mining
(New Republic, New York, 28 December 2023) President Joe Biden pledged to stop financing such projects overseas, and yet the U.S. Export-Import Bank continues to do so. While much of the country was occupied last week with holiday travel and time with family, a little-known government agency...
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2023/12/31
Country: Italy
ECAs: SACE S.p.A.
Issue: Climate Change, Renewables
(Zawya, London, 1 December 2023) Italian export credit agency SACE unveiled a new ESG [environmental, social, and governance] strategy at COP 28, which will progressively align its business model with the United Nations Sustainable Development Goals (SDGs). The new strategy, unveiled at an...
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2023/12/31
Issue: Climate Change, Oil, Gas and Mining
(Gulf Times, Doha, 25 December 2023) Qatar’s energy sector saw a quantum leap in October this year when His Highness the Amir Sheikh Tamim bin Hamad al-Thani laid the foundation stone of the North Field expansion project, which will raise the country’s LNG production capacity from the current...
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2023/12/31
Country: Italy
ECAs: SACE S.p.A.
Issue: Climate Change, Oil, Gas and Mining
(LNG Prime, Sarajevo, 15 December 2023) Geneva-based trader Gunvor has clos
ed a 400 million euro ($437 million) loan, backed by the Italy's SACE, to secure supplies of natural gas and LNG for Italian industry. The five-year term loan is guaranteed by SACE, the Italian export credit agency...
2023/12/31
Country: China
ECAs: Sinosure
Issue: Climate Change, End Coal Financing
(ProPakistani, Islamabad, 14 December 2023) The Private Power and Infrastructure Board (PPIB) announced the $2 billion financial close of the Thar coal-fired power project, which is currently under Chinese management. The project’s main sponsor is Shanghai Electric Group Corporation, while the...
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2023/12/31
Country: Canada
ECAs: Export Development Canada
Issue: Climate Change, Oil, Gas and Mining
(Environmental Defense, Toronto, 4 December 2023) At COP28, Export Development Canada (EDC) joined other export credit agencies to launch the Net-Zero Export Credit Agencies Alliances (NZECA), an alliance of international public finance institutions committed to reaching net-zero greenhouse gas...
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2023/12/31
Issue: Climate Change, Transparency
(UNEP, Dubai, 4 December 2023) At COP28 today, 8 leading export credit agencies, in partnership with the University of Oxford, Future of Climate Cooperation, and the UN Environment Programme Finance Initiative (UNEP FI) launched the UN-convened Net-Zero Export Credit Agencies Alliance (NZECA),...
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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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2023/12/31
Country: Japan, Korea, USA
ECAs: Japan Bank for International Cooperation, Nippon Export and Investment Insurance
Issue: Climate Change, Oil, Gas and Mining
Member: Oil Change International
(Oil Change International, Washington, 28 November 2023) Representatives of Friends of the Earth Japan & Oil Change International traveled to Texas & Louisiana in early November for a week-long tour, organized by ...
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2023/11/30
Issue: Climate Change
(ECA-Watch, 1 December 2023) As climate disasters intensify and as more people than ever are forced to choose between heating and eating, or transport and shelter, we called on the leaders of our governments and public finance institutions to work together at COP28 to end the fossil fuel era...
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2023/11/29
Country: United Kingdom
ECAs: UK Export Finance (UKEF)
Issue: Climate Change, Renewables
(Insider, Glascow, 16 November 2023) UK Export Finance (UKEF) has issued a loan guarantee so that Seaway7 can access a £370m funding package under its Export Development Guarantee so that the offshore wind company can invest in its UK operations. The guarantee covers 80% of the total loan,...
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2023/11/29
Country: Canada, United Kingdom
ECAs: Export Development Canada, UK Export Finance (UKEF)
Issue: Climate Change, European Union, Oil, Gas and Mining
Member: Oil Change International
(Price of Oil, Washington, 8 November 2023) This week in Paris, some of the world’s wealthiest countries met at the Organisation for Economic Co-operation & Development (OECD) headquarters to discuss how Export Credit Agencies (ECAs) – the world’s largest public financiers for fossil fuels...
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2023/11/29
Country: Japan, USA
ECAs: Japan Bank for International Cooperation
Issue: Climate Change, Nuclear, Renewables, Transparency
Member: Friends of the Earth Japan
(Friends of the Earth Japan, 13 November 2023) NuScale Power, a U.S.-based company, has announced the cancellation of its plan to build a small nuclear reactor in Idaho, U.S. The Japan Bank for International Cooperation (JBIC), had invested in NuScale in April last year, together with JGC...
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