The US export credit agency has agreed to provide a US$4.7bn loan for TotalEnergies’ controversial Mozambique LNG project, reinstating its support after years of delays and amid ongoing security risks in the region. At a board meeting last week, the Export-Import Bank of the United States (US Exim) voted to amend its financing agreement for…| Global Trade Review (GTR)
Climate campaigners are urging the White House to block the Export-Import Bank of the United States (US Exim) from supporting fossil fuels on “national security” grounds as the agency weighs a US$743mn petrochemical project in Malaysia. In recent months, US Exim has faced growing scrutiny over its ongoing backing for fossil fuels with two members ...| Global Trade Review (GTR)
Export credit agencies (ECAs) are increasingly channelling support for energy deals to high-income countries as they shift to renewables, a study has found, further shrinking poorer nations’ access to energy finance. Wealthy nations have driven a sharp rise in export credit support for renewable energy technology in recent years, but a study published today in ...| Global Trade Review (GTR)
Ahead of crunch talks within the OECD Arrangement, climate groups are pressuring the US, Korea and Japan to agree to a comprehensive proposal that would halt billions of dollars in fossil fuel financing each year. In recent days, over 40 environmental and social activity groups have written to members of the OECD Arrangement on Officially ...| Global Trade Review (GTR)