(Fortune, 25 August 2015) In the months leading up to an expected vote to reauthorize the U.S. Export-Import bank, Boeing did what large corporations with lots of cash and deft political maneuvering skills often do so well. It spoke softly and lobbied hard, scattering a few pro-Export-Import...
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- eca subsidies
2015/01/29
Country: United Kingdom
ECAs: UK Export Finance (UKEF)
Issue: Climate Change, Oil, Gas and Mining
(CleanTechnica, 12 January 2015) The UK government has, over the years 2010–2014, provided support totaling £1.76 billion (via Export Credit Guarantees) to fossil fuel industries abroad, according to a recent analysis from the EnergyDesk... Prime Minister David Cameron has repeatedly (in recent...
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Letters & statements
2014/10/14
Issue: Climate Change, Common Approaches, European Union, OECD, Oil, Gas and Mining
ECA Watch in cooperation with the WWF European Policy Office and other European and global NGOs, has written a letter to Finance Ministries and Export Credit Agencies to move those public institutions away from coal financing and subsidies in the...
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2013/03/29
Country: USA
ECAs: Export-Import Bank of the United States
Issue: World Trade Organization
GAO-13-303, Mar 28, 2013
From fiscal year 2008 to fiscal year 2012, the U.S. Export-Import Bank's (Ex-Im) outstanding financial commitments (exposure) grew from about $59 billion to about $107 billion, largely in long-term loans and guarantees. Factors associated with this growth...
2021/09/29
Issue: Human Rights
(IISD, Winnipeg, 16 September 2021) A UN Special Rapporteur has issued 2 reports on human rights in the area of hazardous substances. The report calls for phasing out subsidies and export credit and guarantees for fossil fuel extraction, plastics production facilities, and plastic-to-energy...
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2008/10/02
As world financial markets reel, the context and role of official (i.e. state/taxpayer funded) export credit agencies is undergoing significant changes and pressures.
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2016/01/27
Country: USA
ECAs: Export-Import Bank of the United States
(TXF News, 21 January 2016) In the century of their existence, export credit agencies (ECAs) have rarely been subjected to the level of public scrutiny they find themselves under today... Their advocates claim export credits allow impoverished importers to purchase goods that might otherwise be...
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2021/08/31
Issue: Common Approaches, Corruption, European Union, OECD, Transparency, World Trade Organization
(Lexology, London, 24 August 2021) ASHURST LLP has produced a 12 page overview of official export credit agencies in the EU, OECD, UK and globally, which broadly reviews ECA history, policies, competition, budgets, sector agreements, etc. It notes that as recently as the turn of the century,...
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2014/11/19
Press release
Activists demand end of massive OECD support for fossil fuels
This week in Paris, a secretive body within the OECD will discuss the potential revision of the “gentlemen’s agreement” (1) under which they provide billions of dollars of public financing...
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2014/05/31
Country: France
Issue: Oil, Gas and Mining
(Reuters, Sydney, 27 May 2014) Dozens of protesters caused tens of millions of dollars in damage to vehicles, equipment and buildings at Vale's nickel mining site in New Caledonia, as anger boiled over at a chemical spill into a local river. The $6 billion Vale plant at Goro was closed earlier...
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2021/05/29
Country: Denmark
ECAs: Denmark EKF
Issue: Climate Change, End Coal Financing
(Just Finance International, Aarhus, 25 May 2021) A forthcoming report from Just Finance International outlines recommendations to the Danish government for plans to phase out fossil fuel support for its export credit agency (ECA) Eksport Kredit Fonden (EKF) and also for its broader...
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2015/09/30
Country: Canada, USA
ECAs: Export Development Canada, Export-Import Bank of the United States, UK Export Finance (UKEF)
Issue: Aircraft, OECD, World Trade Organization
(Globe & Mail, Toronto, 28 September 2015) General Electric Co. is planning to build a state-of the art $265-million (U.S.) engine plant in Canada, as it shifts more business out of the United States following the collapse of U.S. government-sponsored export financing. GE said Monday it...
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2021/11/29
Issue: Climate Change, End Coal Financing, Oil, Gas and Mining
Member: Friends of the Earth USA
(Oil Change Int'l/FOEUSA, Washington, October 2021) This 36 page reprort documents how G20 countries and the multilateral development banks (MDBs) they govern in 2018-2020 provided at least US$63 billion per year in international public finance for oil, gas, and coal projects. This fossil fuel...
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2021/03/31
Country: China
ECAs: EXIM Bank China, Export-Import Bank of the United States
Issue: Debt, Transparency
(EXIM and Chatham House, 2019 and 2020) The U.S. 2019 approved reauthorization of EXIM included a goal of reserving not less than 20% of the...
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2020/12/30
Country: China, USA
ECAs: EXIM Bank China, Export-Import Bank of the United States, Sinosure
Issue: Common Approaches, OECD, World Trade Organization
(The Hill, Washington, 17 December 2020) [An example of political influences on EXIM vs the OECD's purely economic free market level playing field.] One year ago, under President Trump’s leadership, Congress came together across party lines to re-authorize EXIM, our nation’s export...
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