(Guardian, London, 7 December 016) Congress quashed the hopes late Tuesday of reviving the United States’ export credit agency, which had been aiming for a stopgap lifeline allowing them to approve more than $20bn in new deals, many of which pose imminent harms to the environment. Now, the fate...
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2016/12/30
Country: USA
ECAs: Export-Import Bank of the United States
Issue: Climate Change, Oil, Gas and Mining
2016/12/30
ECAs: COFACE, EXIM Bank China, SACE S.p.A.
Issue: Climate Change, Human Rights, Oil, Gas and Mining
(TFX News, London, 12 December 2016) ECAs are to offer guarantees for two LNG projects in Mozambique, as commercial lenders watch closely to see how talks progress between the government and the IMF before committing to the project. Export credit agencies (ECAs),...
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2016/12/27
Country: Australia, USA
ECAs: Export-Import Bank of the United States
Issue: Human Rights, Oil, Gas and Mining
Member: Jubilee Australia
(wsws.org, Jacksonville, 19 December 2016) The Papua New Guinea (PNG) government announced on Friday that it will deploy military personnel to stop “violence” near the country’s biggest resources installation, the Exxon-Mobil Liquefied Natural Gas (LNG) project...The security and viability of...
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2016/11/30
Country: Australia, India, United Kingdom, USA
ECAs: Export-Import Bank of the United States
Issue: Climate Change, Oil, Gas and Mining
(Guardian, 30 November 2106, Washington) resident Barack Obama has staked his legacy on the environment, positioning his administration as the most progressive on climate change in US history. However, an obscure agency within his own administration has quietly spoiled his record by helping...
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2016/11/30
Country: France, Indonesia, Japan
ECAs: Japan Bank for International Cooperation
Issue: Oil, Gas and Mining
Member: Friends of the Earth Japan
(Friends of the Earth Japan, 17 November 2016, Tokyo) Within the next couple of months, the Japan Bank for International Cooperation (JBIC) will decide whether to fund two giant dirty coal-fired power plants in Indonesia. These power plants will have a total capacity of 3000 Megawatts. They are...
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2016/11/30
Country: Indonesia, Japan
ECAs: Japan Bank for International Cooperation
Issue: Oil, Gas and Mining
(Friends of the Earth Japan, 10 November 2016, Jakarta) On November 10, 2016, three villagers affected by "Cirebon coal-fired power plant project in West Java, Indonesia" (*1) handed their objection to the Japan Bank for International Cooperation (JBIC) at its Representative Office in Jakarta....
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2016/11/29
Issue: Oil, Gas and Mining
(Reuters, 24 November 2016, Dubai)Gulf governments are increasingly turning to export credit agencies to finance billions of dollars of infrastructure projects as low oil prices squeeze liquidity in the region. Bankers say that since oil prices fell more than two...
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2016/11/29
Issue: Oil, Gas and Mining
(China Dialogue, London, 15 November 2016) G20 countries have financed US$76 billion in coal projects in the past nine years. With more projects in the pipeline, they should stop coal financing or risk creating stranded assets, writes Natural Resources Defense Council...
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2016/11/29
Issue: Human Rights, Oil, Gas and Mining
(Bank Track, Nijmegen, 30 November 2016) Members of Banktrack wrote to the Chair of the Equator Principles Association earlier this month, to urge the Association at its upcoming Annual Meeting to address two...
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2016/10/31
Country: USA
ECAs: Export-Import Bank of the United States
Issue: Oil, Gas and Mining
(Medium, Washington, 15 October 2016) Friends of the Earth USA conducted a field study of the impacts of the development of liquefied natural gas on rural communities and their lands in northern Mozambique, a project considered for financing by the U.S. government Export Import Bank. Friends of...
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2016/10/31
Issue: Climate Change, Oil, Gas and Mining
(Lexology Newsfeed, 5 October 2016) On 17 November 2015, members of the OECD which are party to the OECD Arrangement on Officially Supported Export Credits (the Arrangement), agreed to a new sector understanding that limits the availability of export credit finance for less environmentally...
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2016/10/31
Issue: Climate Change, Oil, Gas and Mining
(Climate Change News, London, 14 October 2016) The Export-Import Bank of Korea (Korea Exim) has drawn sharp criticism from Saudi Arabia for withdrawing its application to be a conduit for climate funding, days after protests attacked its history of financing coal. The board of the Green Climate...
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2016/10/31
ECAs: SACE S.p.A., UK Export Finance (UKEF)
Issue: Oil, Gas and Mining
(Indian Express, Dubai, 16 October 2016) Kuwait National Petroleum Co (KNPC) expects to finalise a loan of well over $5 billion to finance its Clean Fuels project by the end of the first quarter of next year, one of the world's largest-ever loans backed by export credit agencies. NBK Capital is...
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2016/07/31
Issue: Oil, Gas and Mining
(Bloomberg, Johannesburg, 28 July 2016) Exxon Mobil Corp. is in advanced negotiations with Eni SpA over acquiring a minority stake in natural-gas discoveries off Mozambique, according to two people with knowledge of the talks. Exxon Chief Executive Officer Rex Tillerson discussed the plan with...
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2016/06/29
Country: Italy, Russia
ECAs: SACE S.p.A.
Issue: Oil, Gas and Mining
(Trend News Agency, Baku, 18 June 2016) Gazprombank, the Italian export credit agency, the Russian export credit agency EXIAR and Azerbaijani company SOCAR have signed a Memorandum of Understanding (MoU) on the financing and construction of a gas chemical complex in Azerbaijan. The new large-...
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