ECA Watch urges G-20 not to exclude ECAs from fossil fuel subsidies analysis (PDF)

(ECA Watch, 22 January 2010) ECA Watch has requested that the analysis of fossil fuel subsidies to be prepared for the next G-20 summit, with a view to phasing them out, include a review of export credit subsidies, despite apparent efforts within the OECD to exclude ECAs from the scope of the analysis.. The OECD is itself considering inclusion of unproven "clean" coal and carbon capture technologies as eligible for enhanced ECA subsidies as "renewable" energies. A recent European Voice article noted that "public money is being poured into coal-fired power stations, coal mines, oil fields and similar projects via multilateral development banks and export credit agencies...and must be stopped."