(CBC News, Ottawa, 18 December 2018) The federal government is promising more than $1.6 billion — most of it in loans — to support the ailing energy sector, but it's unlikely to ease the heightened political tension between Ottawa and Alberta. Natural Resources Minister Amarjeet Sohi and...
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(Windsor Star, Ottawa, 22 November 2018) A new report shows Canada’s export credit agency provides far...
more(Daily Maverick, Johannesburg, 3 September 2018) The Export Credit Insurance Corporation of South Africa (ECIC) uses public funds for international projects it chooses to invest in. Right now, the agency is considering lending a part of $14-billion needed by US energy company Anadarko for a...
more(Global Trade Review, London, 22 August 2018) Peruvian miner Minsur has secured US$900mn in project financing for its Mina Justa copper mine. The lenders are: BBVA Continental, BBVA, Banco de Crédito del Perú, Crédit Agricole, Export Development Canada (EDC), Export Finance and Insurance...
more(Washington Examiner, Washington, 23 August 2018) The Senate Banking Committee on Thursday voted 25-0 in favor of Kimberly Reed to lead the U.S. Export-Import Bank, the U.S. export credit agency, which the group Friends of the Earth fears could be a move to subsidize fossil fuel...
more(Tampa Bay Times, Bismark, 26 July 2018) A federal judge has ruled that the developer of the Dakota Access oil pipeline has no claim under federal racketeering law for damages against a Dutch environmental group that urged banks not to finance the $3.8 billion project. U.S. District Judge Billy...
more(Observer Research Foundation Online, New Delhi, 19 April 2018) The role of Export Credit Agencies (ECAs) in promoting climate compatible development has been controversial. Despite independent and collaborative efforts from countries ensuring that [environmental degradation] is not an option...
more(WTOP, Washington, 30 March 2018) Texas-based pipeline developer Energy Transfer Partners in August sued Earth First, Greenpeace and BankTrack for up to $1 billion, alleging they disseminated false and misleading information about the $3.8 billion pipeline that’s now moving oil from North...
more(Associated Press, Bismark, 9 February 2018) Attorneys for a Florida-based environmental publication want a federal judge in North Dakota to sanction the Texas-based developer of the Dakota Access oil pipeline in a dispute over whether the publication can be sued. Earth First Journal maintains...
more(Bloomberg, London, 9 January 2018) Saudi Arabian Oil Co. is seeking a $2 billion loan from Japan’s export-credit agency, three people with knowledge of the matter said, as competition for a role in potentially the world’s largest initial share offering heats up. A deal would make the Japanese...
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