(Oil Change International, Washington, 15 March 2023) Promise Breakers, a report released today by Oil Change International, reveals that the Glasgow Statement, a joint commitment forged at the 2021 UN climate summit (COP26...
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2023/03/29
Issue: Climate Change, Common Approaches, End Coal Financing, European Union, OECD, Oil, Gas and Mining, Renewables, Transparency
2023/02/27
Issue: Climate Change, European Union, OECD, Oil, Gas and Mining
Member: Oil Change International
(Oil Change International, Washington, 27 February 2023) Over 175+ organizations from over 45 countries have signed onto a Joint Civil Society Position calling for a robust prohibition on oil and gas finance under the OECD Arrangement on Export Credits. Export Credit Agencies (ECAs) are the...
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2022/11/29
Country: Australia, Canada, France, Germany, Italy, Netherlands, United Kingdom, USA
ECAs: Atradius, Bpifrance, Euler Hermes Deutschland AG, Export Development Canada, Export-Import Bank of the United States, SACE S.p.A., UK Export Finance (UKEF)
Issue: Climate Change, Common Approaches, End Coal Financing, European Union, OECD, Oil, Gas and Mining, Transparency
Member: Friends of the Earth USA, Oil Change International
(Financial Management Magazine, Durham, 4 November 2022) As noted in our October What's New, ten European countries had agreed to spell out this year how they will limit export finance support for overseas fossil fuel projects. But they shelved...
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2022/10/29
Country: Belgium, Denmark, Finland, France, Germany, Italy, Netherlands, Spain, Sweden, United Kingdom
ECAs: SACE S.p.A.
Issue: Common Approaches, European Union, Oil, Gas and Mining, Transparency
(Reuters, Brussels, 2 November 2022) Italy is attempting to weaken a pledge 10 European governments intend to make to stop export credit support for fossil fuel projects. The pressure from Italy comes as delegates from nearly 200 countries prepare for a United Nations climate change summit next...
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2022/09/28
Country: Canada, France, Germany, USA
ECAs: Bpifrance, Euler Hermes Deutschland AG, Export Development Canada, Export-Import Bank of the United States
Issue: Climate Change, Common Approaches, End Coal Financing, European Union, Oil, Gas and Mining
Member: Oil Change International
(Oil Change International, Washington, 26 September 2022) the French Government has published a new policy that restricts public finance for fossil fuels from the French export credit agency, BPIFrance. This policy is meant to implement France’s commitment to end international public finance...
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2022/08/29
Country: France, Germany, Italy
ECAs: Bpifrance, Euler Hermes Deutschland AG, SACE S.p.A.
Issue: Climate Change, European Union, Human Rights, OECD, Oil, Gas and Mining, Transparency
(Bloomberg, London, 23 August 2022) Through their little-known trade finance agencies, Germany, Italy and France have been among the biggest backers of Russian oil, gas and petrochemical development in the last several years, helping to enrich and insulate the country as it prepared to invade...
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2022/03/29
Issue: Climate Change, Common Approaches, End Coal Financing, European Union, OECD, Oil, Gas and Mining, Renewables, Transparency
(ECA Watch, Ottawa, 29 March 2022) As governments struggle to find fossil fuel supplies to offset dependence on imports from Russia, and transnational oil firms...
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2021/12/31
Country: China, Italy, Japan, Russia
ECAs: EXIM Bank China, Japan Bank for International Cooperation, SACE S.p.A.
Issue: Climate Change, European Union, OECD, Oil, Gas and Mining
(Reuters, Moscow, 30 November 2021) Russian gas producer Novatek (NVTK.MM) said on Tuesday its Arctic LNG 2 plant has signed loan agreements with foreign and Russian banks worth 9.5 billion euros ($10.8 billion), securing necessary external financing for the project. Earlier this year, Novatek...
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2021/11/30
Issue: Climate Change, End Coal Financing, European Union, Oil, Gas and Mining, Renewables
(Guardian, London, 13 November 2021) A new alliance of financial institutions is committed to funding the changes necessary to avert climate catastrophe. Alliance Chair Mark Carney notes that six years ago, in Paris, countries reached an historic agreement to limit the global temperature rise...
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2021/11/30
Country: Belgium, Denmark, Finland, France, Germany, Italy, Netherlands, Spain, Sweden, United Kingdom
Issue: Climate Change, End Coal Financing, European Union, Oil, Gas and Mining
(Global Trade Review, London, 24 November 2021) Seven European countries have pledged to promote reforms and encourage green incentives in the export credit sector, but dashed campaigners’ hopes that they would axe public finance for fossil fuels more quickly than the end of 2022 deadline set...
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2021/02/28
Issue: Climate Change, End Coal Financing, European Union, G20, OECD, Oil, Gas and Mining
Member: urgewald
(Urgewald & Reclaim Finance, Berlin, 24 February 2021) urgewald, Reclaim Finance, Rainforest Action Network, 350.org Japan and 25 further NGO partners have published groundbreaking research on the financiers and investors behind the global coal industry. It was found that in January 2021, 4...
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2020/10/28
Issue: Climate Change, End Coal Financing, European Union, OECD, Oil, Gas and Mining, Renewables
(Christian Aid, London, 20 October 2020) This new report warns that post-Covid stimulus packages are in danger of widening global inequality and pushing poorer countries to turn to fossil fuels, which would threaten the success of the UK’s COP26 climate summit. The world stands at a crucial...
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2020/03/29
Issue: European Union, OECD, Oil, Gas and Mining, Renewables
(National Law Review, Western Springs IL, 26 March 2020) On 19 March 2020, the European Commission adopted a temporary framework for State aid to support the economy amidst the consequences of the Coronavirus (COVID-19) outbreak. The temporary framework provides for five types of aid, including...
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2019/12/30
Issue: Climate Change, End Coal Financing, European Union, Oil, Gas and Mining
(European Parliament, Brussels, 28 November 2019) The European Parliament resolution of 28 November 2019 on the 2019 UN Climate Change Conference in Madrid stresses that the EU’s budget should be consistent with its international commitments on sustainable development and its mid- and long-term...
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2017/08/30
Country: Netherlands
ECAs: Atradius
Issue: Climate Change, End Coal Financing, European Union, OECD, Oil, Gas and Mining, Renewables
Member: Both ENDS
(ECA Watch & Both ENDS, Amsterdam, 24 August 2017) In response to a European Greens Parliamentary question, Cecilia Malmström, European Commissioner for Trade, replied...
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