The EU has tabled a comprehensive proposal to members of the OECD Arrangement on export credits that would halt billions of dollars in oil and gas financing annually, yet climate groups warn of likely opposition from the US and Asia. The EU proposal, submitted at a meeting of OECD Arrangement on Officially Supported Export Credits…| Global Trade Review (GTR)
The Export-Import Bank of the United States did not intentionally delay funding for a US$20bn Mozambique LNG project due to political bias against the fossil fuel sector, its inspector general has found.| Global Trade Review (GTR)
The Japan Bank for International Cooperation has agreed to help finance the acquisition of a coal mine in Australia by JFE Steel, lending ¥34.2bn (US$240mn) to bolster the supply of coking coal for Japan’s steel industry. The deal, altogether worth ¥57bn (US$400mn), is being co-financed by Mizuho, MUFG and SMBC. The Australian subsidiary of JFE…| Global Trade Review (GTR)
US President Donald Trump has urged the Export-Import Bank of the United States to slash red tape and boost financing for the country’s coal industry, signalling a dramatic departure in White House energy policy.| Global Trade Review (GTR)
Financial backers are continuing to assess whether they should reaffirm their support for a multi-billion-dollar LNG project in Mozambique as operator Total looks to restart work. The project was suspended in 2021 after insurgents known as the Islamic State Mozambique attacked Palma, a town in the northern province of Cabo Delgado. Total declared force majeure ...| Global Trade Review (GTR)
