(Argus Media, Amsterdam, 30 January 2023) The Dutch government does not provide a "clear and complete" overview about the state's climate expenditure, while certain fossil fuel subsidies are "at odds" with domestic climate goals, according to a report by the Dutch court of audit. The court of...
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2023/01/30
Issue: Climate Change, Oil, Gas and Mining, Renewables
(ECA Watch, Ottawa, 30 January 2023) A series of articles appearing in our Google Alert searches for "export Credit" point to a number of interesting pieces on ECAs and hydrogen....
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2022/12/31
Issue: Arms Trade, European Union, Human Rights, OECD
(Brussels Times, Brussels, 17 December 2022) The Council of the European Union (Council of Ministers) adopted on Friday a package of new measures intended to step up pressure on Russia in response to its ‘continuing war of aggression against Ukraine and the gravity of the current escalation...
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2022/12/31
Country: Australia
ECAs: Export Import Bank of Korea, Japan Bank for International Cooperation
Issue: Climate Change, Oil, Gas and Mining
Member: Oil Change International
(Oil Change International, Washington, 14 December 2022) In a landmark decision in September, the Federal Court of Australia ruled that Santos Ltd, one of the world’s top 20 largest oil and gas companies, would not be allowed to drill in the Barossa gas fields off the coast of northern...
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2022/12/31
Issue: Transparency
(Offshore Energy Biz, Schiedam, 15 December 2022) Out of the 28 financial institutions reporting their emissions data in the third edition of the Poseidon Principles Annual Disclosure Report 2022, seven...
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2022/12/31
Country: France, Ukraine
ECAs: Bpifrance
Issue: Arms Trade, European Union, Human Rights
(Odessa Journal, Odessa, 13 December 2022) French business is interested in investing in Ukraine and is ready to participate in its early reconstruction announced First Vice Prime Minister – Minister of Economy of Ukraine, Yuliya Svyridenko, during a live broadcast from Paris on the air of the...
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2022/12/31
Country: United Kingdom
Issue: Corruption, Transparency
(Paradise News, Calabar Nigeria, 10 December 2022) Czech state-owned ECA EGAP has obtained a CZK 2 billion (US$88.6M) loan from the Czech Republic’s COVID aid program for Czech steelmaker Liberty Ostrava, which is...
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2022/12/31
Country: United Kingdom
ECAs: UK Export Finance (UKEF)
Issue: Climate Change, Oil, Gas and Mining
(Drill or Drop, London, 6 December 2022) Government approval of $1.5bn financing for a liquified natural gas project in Mozambique has been challenged at the Court of Appeal this morning (Tuesday 5 December 2022). A year ago, a case brought by Friends of the Earth ended in deadlock, when two...
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2022/12/31
Country: Australia
ECAs: Export Finance & Insurance Corporation Australia
Issue: Climate Change, Oil, Gas and Mining
(Reuters, Sydney. 6 December 2022) Papua New Guinea's state-owned Kumul Petroleum is in talks with Australia's export credit agency to help fund a $1.1-billion acquisition of a 5% stake in the PNG LNG project from Santos Ltd (STO.AX). Santos announced in September that Kumul had made a binding...
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2022/12/31
Country: South Africa
Issue: BRIC countries
(Mail & Guardian, Johannesburg, 1 December 2022) African countries’ borders are becoming more porous, allowing for greater movement of goods and services via the African Continental Free Trade Area (AfCFTA) agreement, but by its nature this comes with a lot of risk. This is where export...
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2022/12/31
Country: Indonesia, USA
Issue: Climate Change, End Coal Financing
(TXF, London, 30 November 2022) The evolving science of coal plant retirement financing has had a busy couple of weeks with the Asia Development Bank signing a 14 November memorandum of understanding re potential early retirement of the Cirebon Electric Power for unit 1 of the 1,660MW Cirebon...
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2022/12/31
Country: United Kingdom
ECAs: UK Export Finance (UKEF)
Issue: Climate Change
(Institute of Export and International Trade, London, 22 December 2022) In its end of 2022 report, the IEIT notes that UK Export Finance (UKEF) is...
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2022/12/31
Country: Germany
ECAs: Euler Hermes Deutschland AG
Issue: Climate Change, End Coal Financing, Oil, Gas and Mining
Member: Oil Change International, urgewald
(Oil Change International, Washington, 7 December 2022) A German government State Secretary has revealed a pipeline of fossil fuel projects that shows a lack of seriousness about keeping Germany’s climate promise. The Government stated that it “currently has ten individual applications for...
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2022/12/31
Country: Canada, Germany, Italy, Portugal, Spain, Switzerland
Issue: Climate Change
(Global Trade Review, London, 14 December 2022) Canada and New Zealand have mapped out how they will put into action pledges to scrap ECA support for fossil fuel projects, ahead of an end-of-year deadline. At last year’s Cop26 summit in Glasgow, thirty-nine countries vowed to end public finance...
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2022/12/31
Country: China
ECAs: EXIM Bank China
(Xinhua, Beijing, 26 December 2022) China's only policy-oriented insurer specializing in export credit insurance reported steady business growth in the first 11 months of 2022. The China Export & Credit Insurance Corporation, or SINOSURE, served about 179,000 clients in the January-November...
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