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export credit agency

Belgian export credit agency restricts oil and gas finance to meet climate commitment, but leaves gas loopholes 

July 15, 2022By LaurieFeatured, News, Press Releases, Stop Funding Fossils

Credendo’s new policy is meant to implement the Glasgow commitment to end international public finance for fossil fuels by the end of 2022, but it leaves loopholes for existing oil and gas fields and gas-fired power.

Export credit agencies and states potentially at risk of climate litigation over finance for fossil fuels

May 4, 2021By OCI TeamBlog Post, Featured, News, Press Releases

A new legal opinion lays out the international law obligations of ECAs that are responsible for tens of billions of dollars per year in support for fossil fuels.

International Obligations Governing the Activities of Export Credit Agencies in Connection With the Continued Financing of Fossil Fuel-Related Projects and Activities

May 4, 2021By OCI TeamLegal Opinion, Resources

This new legal opinion finds that export credit agencies could be in violation of their international legal obligations if they do not take action to reduce their financing of fossil fuel-related activities imminently.

Briefing: Why Congress Must Stop Blocking Climate Progress on International Finance

August 15, 2019By Collin ReesBriefings, Stop Funding Fossils, Stopping Carbon Lock-In

There is an urgent need to ensure that anti-climate riders stay out of appropriations packages for Fiscal Year 2020 as Congress and the Trump Administration continue to negotiate a spending package.

Briefing: Why the U.S. Export-Import Bank Must End Financing for Fossil Fuels

June 13, 2019By Collin ReesBriefings, Stop Funding Fossils, Stopping Carbon Lock-In

Over the past decade, nearly 90% of the U.S. Export-Import Bank’s total finance for energy projects has flowed to projects in oil, gas, and coal. As momentum grows for climate solutions in the U.S. and abroad, there is an urgent need for a ban on fossil fuel financing at ExIm.

Analysis: Rich Nations Driving Global Coal Expansion

March 4, 2015By David TurnbullNews, Press Releases

A new analysis of leaked OECD data finds that over the last decade, export credit agency finance has played a significant role in supporting coal power generation globally.

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