UK ECA ECGD to publish greenhouse gas implications of it`s project portfolio

(UK House of Commons, London, 8 July 2008) In response to an initiative by the WWF, the UK ECA ECGD has agreed to publish the greenhouse gas emissions from its Category A and B projects, subject to various thresholds. MP Nick Hurd (Ruislip-Northwood) noted that "A non-governmental organisation called - believe it or not - ECA Watch has estimated that, worldwide, ECAs support twice the number of oil, gas and mining projects as all the multilateral development banks combined, and half of all new greenhouse gas emitting industrial projects in developing countries have some form of ECA support."