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2009/12/01
(Pacific Environment, San Francisco, 22 December 2009) As climate negotiations in Copenhagen ended with a whimper, new U.S. legislation passed last week that requires the U.S. Overseas Private Investment Corporation (OPIC) to phase down greenhouse gas emissions from financed projects by 30 percent... more
2009/11/11
Construction work has restarted on the controversial Ilisu Dam in Turkey, despite the project lacking the appropriate permits. Work on the project had been stopped following the withdrawal of financial support by the export credit agencies (ECAs) of Switzerland, Austria and Germany earlier this... more
2009/11/10
(China Dialogue, San Francisco, 19 November 2009) The world’s largest hydropower project will soon reach its final dimensions. Peter Bosshard draws a number of conclusions from the experience of the Three Gorges. The hydropower project on the Yangtze River substitutes the burning of at least 30... more
2009/11/09
(Bloomberg, Beijing, 11 November 2009) -- Central Huijin Investment Co., the state company that controls China’s largest banks, plans to sell as much as 80 billion yuan ($11.7 billion) of bonds. The sale may be the biggest ever by a Chinese institution and Huijin will use proceeds to inject capital... more
2009/11/08
(DynamicExport, Australia, 10 November 2009) Angus Armour, Managing director of Australian government credit agency EFIC,has been appointed president of the Berne Union. Berne... more
2009/11/07
(DutchNews.nl, Amsterdam, 27 November 2009) The Dutch government could lose hundreds of millions of euros because of the financial crisis in Dubai. The government has given export credit guarantees to a number of Dubai companies via Atradius, which has given credit insurance totalling €778m to the... more
2009/11/06
(PEW Charitable Trusts, Washington, 9 November 2009) The US Export-Import Bank (Ex-Im) provided nearly two-thirds of its long-term loan guarantees over the last two years to a single corporate entity, Boeing, according to a... more
2009/11/05
(Air Finance Journal, London, 26 October 2009) Export credit agencies have been breaking records with support for Airbus and Boeing in one of the toughest years on record. Funding about $20 billion-worth of Airbus and Boeing aircraft, with government-guaranteed loans, seems to have bridged the... more
2009/11/04
EIB and European ECAs annually support billions of euros of investments in environmentally unfriendly and greenhouse gases emitting sectors such as oil, gas, mining, large dams and transportation. The policies of the EIB and the European ECAs ought to be consistent with EU climate policies, to... more
2009/11/03
(ECA Watch, Ottawa, 30 November 2009) As agreed in their 12 June 2007 approval of the OECD Recommendation on Common Approaches on the Environment and Officially Supported Export Credits, OECD ECAs will, "in the light of experience, review all elements of the Recommendation not later than the end of... more
2009/11/02
(FoE France, Paris, 4 November 2009) A new Friends of the Earth France report (PDF) looks at 8 years of official export credit support and finds: that 84% of all guarantees goes to just... more