(Financial Times, Tokyo, 14 June 2016) Japanese investment in Asean infrastructure is set to rise. The Japan Bank for International Cooperation (JBIC) has changed its lending rules to allow higher risk investment through a special account... Power and transport infrastructure projects are...
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- eca subsidies
2016/06/29
Country: Japan
ECAs: Japan Bank for International Cooperation
Issue: OECD, World Trade Organization
2022/04/30
Country: USA
ECAs: Export-Import Bank of the United States
Issue: Climate Change, Oil, Gas and Mining, Renewables, Transparency
(Bloomberg, Washington, 13 April 2022) The U.S. Export-Import Bank approved a plan Thursday that could yield a flood of financing for U.S. energy ventures, including wind and solar projects, battery manufacturing and terminals to sell LNG overseas. The bank’s board voted 3-0 on a formal policy...
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2020/05/30
Country: Canada
ECAs: Export Development Canada
Issue: Climate Change, Oil, Gas and Mining
Member: Above Ground
EDC is bailing out the fossil fuel industry. Will Canadians be given a full accounting of the costs?
(Above Ground, Ottawa, 4 May 2020) 2020 is a pivotal year for wealthy nations to ramp up their climate action plans, spelling out how they’ll make the deep emissions cuts needed between now and 2030. Instead, states are bolstering the very industries that must be phased out to avert disastrous...
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2020/05/30
Issue: Climate Change, G20, Oil, Gas and Mining
Member: Friends of the Earth USA
(Friends of the Earch, Washington, 28 May 2020) Right after the mostly-rich and powerful G2O countries signed the Paris Agreement with the goal of limiting global warming to 1.5ºC, they went home and continued with the business-as-usual public finance policies that directly undermined this goal...
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2019/11/29
Country: France
ECAs: COFACE
Issue: Arms Trade, Human Rights, Oil, Gas and Mining, Transparency
Member: Les Amis de la Terre
(Sum Of Us, Paris, 7 November 2019) - A report published today by L'Observatoire des armements and SumOfUs in collaboration with Les Amis de la Terre France, documents the militarisation of Total's activities in Yemen since the 1980s. Open sources and witness testimony reveal that Total’s gas...
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2019/09/29
Country: USA
ECAs: Export-Import Bank of the United States
Issue: Climate Change, End Coal Financing, Oil, Gas and Mining
Member: Friends of the Earth USA
(FOE USA, Washington, 27 September 2019) The U.S. Export-Import Bank’s (EXIM) Board of Directors voted late yesterday to provide $5 billion in financing for a liquid natural gas (LNG) project in Mozambique, making it the largest federal subsidy for a fossil fuel project in the bank’s history....
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2019/06/30
Country: USA
ECAs: Export-Import Bank of the United States
(Politico, Washington, 26 June 2019) House Financial Services Chairwoman Maxine Waters (D-CA) on Wednesday shelved a bipartisan Export-Import Bank bill that sparked a fierce backlash from her own caucus. The original compromise she drafted with Patrick McHenry (R-N.C.) ignited criticism from a...
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2015/05/30
Country: United Kingdom
ECAs: UK Export Finance (UKEF)
Issue: Climate Change, Human Rights, Renewables
Member: Corner House
(Global Trade Review, London, 13 April 2015) The Labour Party's Cole Commission has called for the combination of the UK Trade and Investment (UKTI) and UK Export Finance (UKEF) agencies into one entity to achieve better co-ordination and support of British exporters....
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2013/05/29
Country: Canada, USA
ECAs: Export-Import Bank of the United States
Issue: Aircraft
(Reuters, Seattle, 22 May 2013) - Delta Air Lines Inc wants the U.S. Export-Import Bank to stop helping state-owned foreign airlines buy wide-body jets from Boeing Co , and would be willing to forgo such support for its own purchases if all such subsidies were eliminated, its chief executive...
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2020/03/31
Issue: European Union, G20, OECD
(ECA Watch, Ottawa, 30 March 2020) Our "export credit" online alerts this month are flooded with news of coronavirus pandemic generated government subsidies for business (and some for workers), including special export credit increases. Here are but a few links by country:...
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2016/11/29
Country: USA
(Manufacturing Net, 4 November 2016, New Jersey) Small ecommerce business need better export credit support for online export working capital loans. 97% of American micro and small businesses that sell on eBay export, as opposed to the 1% of brick-and-mortar U.S. businesses that export... 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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2020/07/30
Country: China, USA
ECAs: EXIM Bank China, Export-Import Bank of the United States, Sinosure
Issue: OECD, Transparency, World Trade Organization
(TXF News, New York, 16 July 2020) The US administration [and corporate media] has drastically upped the ante in its economic war against China with its actions against Huawei. At the same time, US Exim has been charged to not only promote US exports and jobs but also counter Chinese...
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Letters & statements
2014/11/19
Issue: Climate Change, Common Approaches, OECD, Oil, Gas and Mining
18 November 2014
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 into the fossil fuel sector through their member export credit agencies.
This...
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Letters & statements
2014/06/10
Issue: Climate Change, Common Approaches, European Union, OECD, Oil, Gas and Mining
Member: Both ENDS, Corner House, Counter Current, Finance & Trade Watch, Euronatura, FERN, Friends of the Earth Japan, Above Ground, Les Amis de la Terre, Observatory on Debt in Globalization, , Re:Common, urgewald
FOR IMMEDIATE RELEASE
11 June 2014
International NGOs Call on Governments to #EndCoalFinance
On Monday, June 16 the Organization for Economic Cooperation and Development (OECD)’s Export Credit Group will meet to discuss...
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