(BPIFrance, Paris) This Bpifrance web page explains how national ECAs can cooperate to support projects involving exports from several countries, thus enhancing official ECA "subsidies" for corporate exporters. "Bpifrance Assurance Export interacts regularly with foreign export credit agencies...
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- eca subsidies
2015/06/30
Issue: Climate Change, Oil, Gas and Mining
A substantial number of articles appeared this month highlighting massive export credit support for coal projects
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2017/10/29
Issue: Human Rights, Transparency
(Lexology, London, 24 October 2017) An intergovernmental working group mandated to draft a new international legal instrument to regulate the activities of transnational corporations in relation to human rights is holding its third meeting in Geneva this week. Negotiations for a business and...
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2018/02/28
Country: China, USA
ECAs: EXIM Bank China, Export-Import Bank of the United States, Sinosure
Issue: World Trade Organization
(Reuters, Washington, 21 February 2018) The U.S. Treasury’s top diplomat ramped up his criticisms of China’s economic policies on Wednesday, accusing Beijing of “patently non-market behavior” and saying that the United States needed stronger responses to counter it. He said market-oriented,...
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2024/09/30
Issue: Climate Change, End Coal Financing, Oil, Gas and Mining, Renewables, Transparency
Member: Oil Change International
(Guardian, London, 24 September 2024) Rich countries could raise five times the money that poor countries are demanding in climate finance, through windfall taxes on fossil fuels, ending harmful subsidies and a wealth tax on billionaires, research has shown. Developing nations are asking for...
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2022/07/30
Country: France
ECAs: Bpifrance
Issue: Climate Change, End Coal Financing, Nuclear
(R and R Life, Manchester, 3 July 2022) Following French/Polish agreement in October 2021 to build 4 to 6 nucelear reactors, the French government has clearly stated its willingness to consider different ways to provide support, which is expected by the Polish side. Electricite de France (EDF)...
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2022/01/31
Country: Italy, United Kingdom
ECAs: SACE S.p.A., UK Export Finance (UKEF)
(Jersey Evening Post, St Helier, 12 January 2022) The UK and Italy have started discussions on a new export and investment partnership aimed at boosting trade between the two countries, the International Trade Secretary announced. Italy is the world’s eighth-largest economy and trade between...
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2023/02/01
Country: Netherlands
ECAs: Atradius
Issue: Climate Change
(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
Country: Netherlands
ECAs: Atradius
Issue: Climate Change
(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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2022/12/28
Country: Canada
ECAs: Export Development Canada
Issue: Climate Change, End Coal Financing, Oil, Gas and Mining
(Greenpeace, Toronto, 12 December 2022) Canada has joined the growing ranks of nations promising to end international financing of fossil fuels (though there are some worrisome exceptions). The Financial Post immediately warned that without taxpayer subsidies it would be more expensive for...
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2021/07/28
Country: USA
ECAs: Export-Import Bank of the United States
(US Chamber of Commerce, Washington, 1 July 2021) In a letter to the Committee on Appropriations of the U.S. House of Representatives, the Chamber noted that overseas markets represent 95% of the world’s consumers and 80% of its purchasing power. Exports already support half of all...
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2019/03/30
Country: USA
ECAs: Export-Import Bank of the United States
(National Association of Manufacturers, Washington, 8 March 2019) Securing a level playing field internationally [i.e. matching corporate subsidies] is vital to manufacturers in the United States, which already export about half their production, supporting millions of workers across...
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2018/08/28
Country: USA
ECAs: Export-Import Bank of the United States
Issue: Climate Change, Oil, Gas and Mining
Member: Friends of the Earth USA
(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...
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2017/02/28
Country: USA
ECAs: Export-Import Bank of the United States
Issue: Aircraft
(Washington Examiner, Washington, 17 February 2017) The Export-Import Bank of the United States is also known as "Boeing's Bank," because about 40 percent of its financing, in the average year, goes to subsidize Boeing sales. Boeing spends a lot of time and money lobbying in favor of Ex-Im. One...
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2016/04/30
Country: Turkey
Issue: Climate Change, Oil, Gas and Mining
(Sabanci University, Istanbul, Novermber 2015) A November 2015 report from the Sabancı University Istanbul Policy Center recently translated to English addresses the current status of coal in Turkey as an energy and greenhouse gas source, its impacts on health, the association between...
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