(Both Ends, Amsterdam, 17 November 2019) This report shows that the Dutch Export Credit Agency ADSB insured fossil fuel-related projects with a total insured value of € 10.8 billion in the period 2012-2018. This is more than 60% of its total insured value for that period and € 1.5 billion a...
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2019/11/28
Country: Netherlands
ECAs: Atradius
Issue: Climate Change, End Coal Financing, Oil, Gas and Mining
Member: Both ENDS
2019/10/30
Country: Indonesia, Korea
ECAs: Export Import Bank of Korea
Issue: Climate Change, Corruption, End Coal Financing, Human Rights, Oil, Gas and Mining
(Korea Herald, Seoul, 7 October 2019) While South Korea has vowed to phase out fossil fuels and turn to clean energy to combat climate change and air pollution, it is supporting coal-fired power plants elsewhere - like in Indonesia. The government is virtually contributing to environmental...
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2019/09/29
Country: USA
ECAs: Export-Import Bank of the United States
Issue: Climate Change, End Coal Financing, Oil, Gas and Mining
Member: Friends of the Earth USA
(FOE USA, Washington, 27 September 2019) The U.S. Export-Import Bank’s (EXIM) Board of Directors voted late yesterday to provide $5 billion in financing for a liquid natural gas (LNG) project in Mozambique, making it the largest federal subsidy for a fossil fuel project in the bank’s history....
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2019/09/29
Country: USA
ECAs: Export-Import Bank of the United States
Issue: Climate Change, End Coal Financing, Oil, Gas and Mining
(S&P Global, Washington, 30 August 2019) The US Export-Import Bank could become a new source of support for US LNG export projects working to secure long-term contracts and financing, according to industry officials involved in recent discussions with the bank leadership. Ex-Im Bank...
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2019/09/29
Issue: Climate Change, End Coal Financing, OECD, Oil, Gas and Mining, Renewables
(OECD, Paris, 13 September 2019) This OECD report estimates annual volumes of climate finance provided and mobilised by developed countries for developing countries in 2013-17. These estimates include bilateral and multilateral public finance, official-supported export credits and mobilised...
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2019/07/29
Country: United Kingdom
ECAs: UK Export Finance (UKEF)
Issue: Climate Change, End Coal Financing, Oil, Gas and Mining
(Guardian, London, 23 July 2019) The British government has spent £680m of its foreign aid budget on fossil fuel projects since 2010, according to analysis that highlights the UK’s failure to align diplomatic, trade and aid policies with the goals of the Paris climate agreement. Britain...
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2019/06/30
Country: China
Issue: BRIC countries, End Coal Financing
(Financial Times, London, 27 June 2019) A Kenyan court has halted construction of the country’s first coal-fired power station on environmental grounds in a blow for the $2bn project’s Chinese backers and the green credentials of China’s Belt and Road Initiative. Owned by the Kenya-based Amu...
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2019/06/30
Issue: Climate Change, End Coal Financing, G20, Oil, Gas and Mining
(Reuters, London, 24 June 2019) Despite promising a decade ago to phase out fossil fuel subsidies, the world’s leading economies more than doubled subsidies to coal-fired power plants over three years, putting climate goals at risk, energy researchers said Tuesday. Between 2014 and 2017, G20...
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2019/06/30
Country: United Kingdom
ECAs: UK Export Finance (UKEF)
Issue: Climate Change, End Coal Financing, Oil, Gas and Mining
Member: Global Witness
(EU Today, London, 9 June 2019) For the first time, a Parliamentary committee has called for an end to taxpayer support for overseas fossil fuel projects. The Government must move immediately to end UKEF’s fossil fuel support, or all its talk of a ‘climate emergency’ will be seen as hollow...
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2019/05/29
Country: USA
ECAs: Export-Import Bank of the United States
Issue: End Coal Financing
(Bank Watch, Prishtina 13 May 2019) Kosovar and international non-governmental organisations have today submitted an official complaint to the Energy Community dispute settlement mechanism challenging the legality of the power purchase agreement for the planned Kosova e Re coal power project,...
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2019/05/29
Country: China
ECAs: Sinosure
Issue: Climate Change, End Coal Financing
(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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2019/05/29
Country: China, Japan, Korea
ECAs: EXIM Bank China, Export Import Bank of Korea, Japan Bank for International Cooperation
Issue: End Coal Financing
(Los Angeles Times, Suralaya, 13 May 2019) In the last-ditch global battle against climate change, China, Japan and South Korea have joined other industrialized nations in promising to reduce their use of fossil fuels. Yet even as they take steps to promote renewable energy at home, these three...
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2019/03/30
Issue: End Coal Financing
(Thomson Reuters Foundation, London, 1 March 2019) A torrent of banks and other financiers are shifting their money out of coal as investment risks in it grow. We have only 12 years left to save the planet from devastating climate change, the Intergovernmental Panel on Climate Change warned...
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2019/03/30
Country: Australia
ECAs: Export Finance & Insurance Corporation Australia
Issue: End Coal Financing, Oil, Gas and Mining
(Sydney Morning Herald, Sydney, 5 March 2019) A major oil and gas company wants Australian taxpayer money spent on overseas energy projects, stoking fears that a Morrison government plan to boost development in the Pacific is a smokescreen for fossil fuel investment. A government amendment to...
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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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