(DeSmog, Seattle, 26 June 2024) Campaigners are increasingly taking out lawsuits against the funders of fossil fuels and other climate-harming activities,...
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2024/07/30
Country: Australia, France
Issue: Climate Change, Common Approaches, OECD, Oil, Gas and Mining
2024/07/30
Country: China, USA
ECAs: Export-Import Bank of the United States
Issue: Common Approaches, Transparency
(US Congress, Washington, 24 June 2024) The US Congress House Financial Services Subcommittee Chairman on National Security, Illicit Finance, and International Financial Institutions, led by Chairman Blaine Luetkemeyer (MO-03), held a hearing entitled “The Role of the Export-Import (Ex-Im) Bank...
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2024/06/30
Country: China
ECAs: Sinosure
Issue: Climate Change, Oil, Gas and Mining, Transparency
(Nigerian Tribune online, Ibadan, 26 June 2024) Civil society organisations have called on the Chinese government to rescind its decisions to build crude oil pipeline across East African countries. In an open letter to the Chinese Embassy’s Charge d’affaire Zhang Yi, Smith Nwokocha of StopEACOP...
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2024/06/30
Country: Brazil, China
ECAs: Sinosure
[BNAMERICAS, Santiago, 10 June 2024) Brazil’s state-run oil company Petrobras is tightening its financial ties with China. The federal oil giant's actions in this area have gathered momentum since the beginning of 2023, when President Luiz Inácio Lula da Silva assumed the country's presidency....
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2024/06/30
Country: Australia, Japan
ECAs: Japan Bank for International Cooperation
Issue: Climate Change, Oil, Gas and Mining
(Global Trade Review, London, 4 June 2024) Perth-headquartered Woodside Energy has secured a US$1.45bn loan package from Japan’s export credit agency and a group of private lenders, backing an LNG development off the Australian coast. As part of the deal, the Japan Bank for International...
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2024/06/30
Country: Australia, Canada, China, USA
ECAs: Export Development Canada, Export-Import Bank of the United States
Issue: Oil, Gas and Mining, Renewables
(Mining News, Perth, 19 June 2024) Australian Strategic Materials (ASM) is aiming to become the first global company to go from rare earths mining all the way through to metals. Rare earths are considered critical minerals and demand is set to surge, making ASX-listed ASM well-placed to...
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2024/05/31
Country: China
ECAs: Sinosure
(The Standard, Hong Kong, 23 May 2024) The Hong Kong Export Credit Insurance Corporation signed a pact with the Guangdong Branch of China Export & Credit Insurance Corporation, Sinosure, yesterday to strengthen cooperation on export credit insurance services for businesses across Guangdong...
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2024/05/31
Country: Japan
ECAs: Nippon Export and Investment Insurance
Issue: Debt, Transparency
(IFC, Washington, 28 May 2024) The World Bank Group's Multilateral Investment Guarantee Agency (MIGA) and International Finance Corporation (IFC) today signed three-year cooperation agreements with Nippon Export and Investment Insurance (NEXI), the official export credit agency of Japan, to...
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2024/05/31
Country: China, USA
ECAs: Export-Import Bank of the United States
Issue: European Union, Human Rights, Transparency
(ABC News, Washington, 27 May 2024) After Lithuania allowed Taiwan's de-facto embassy in Vilnius to bear the name Taiwan, instead of Taipei — Taiwan's capital city — as preferred by Beijing, Lithuanian businesses saw their cargo shipments to and from China stranded, and they were warned by...
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2024/04/29
Country: China, USA
ECAs: Sinosure
Issue: Transparency
(Yahoo Finance, Washington, 18 April 2024) China late Wednesday called on the United States to end its investigation into its shipbuilding industry, denouncing the probe as a politically motivated "mistake." The official statement from China's Ministry of Commerce was issued hours after U.S....
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2024/04/29
Country: India, Italy, Japan
ECAs: SACE S.p.A.
(GK Today, India, 27 April 2024) REC Ltd, a Maharatna Central Public Sector Enterprise (CPSE) and leading Non-Banking Financial Company (NBFC) under the Ministry of Power, Government of India, has successfully availed a green loan of Japanese Yen (JPY) 60.536 billion (approximately Rs 3,200...
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2024/04/29
Country: Japan
ECAs: Japan Bank for International Cooperation
Issue: Climate Change, Oil, Gas and Mining
(Global Trade Review, London, 4 April 2024) Global commodity trader Trafigura has secured a US$560mn facility from Japan’s export credit agency and SMBC that will fund the delivery of natural gas to the East Asian country. The transaction, signed on March 27, comprises a US$390mn loan from the...
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2024/04/29
Country: Japan
ECAs: Japan Bank for International Cooperation
Issue: Climate Change, Oil, Gas and Mining
Member: Friends of the Earth Japan
(Friends of the Earth Japan, Tokyo, 26 April 2024) From the straits of the Philippines to the coasts of the United States, Japan’s fossil fuel financing is harming the environment, climate, and communities at a time when the world is reeling from the ever-intensifying heat waves, floods,...
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2024/03/30
Country: Australia, USA
ECAs: Export-Import Bank of the United States
Issue: Arms Trade, Oil, Gas and Mining
(Australian Financial Review, Washington, 8 March 2024) The Pentagon held discussions with Resources Minister Madeleine King about how it could co-invest in an Australian nickel project alongside the Australian government to help mitigate the impact of a glut undermining future critical...
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2024/03/30
Country: Canada, China
ECAs: Export Development Canada
Issue: Human Rights
(Yahoo Finance, New York, 26 March 2024) A Canadian watchdog is calling for penalties against Dynasty Gold Corp. after it concluded the company used forced labor at its Chinese mine, which the miner denies. The Canada Ombudsperson for Responsible Enterprise, an arm of the federal government...
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