Export credit agencies (ECAs) in the world’s largest economies are still pumping billions of dollars more annually into fossil fuels than clean energy projects, fresh data shows, spurring calls for reform within the OECD Arrangement. ECAs in the G20 group of nations provided US$96bn towards fossil fuel projects between 2020 and 2022, finds a report…| Global Trade Review (GTR)
OECD members failed to reach a deal to restrict export credit support for oil and gas in their latest round of talks, environmental campaigners say, making an agreement unlikely before US President-elect Donald Trump takes office in January. Oil Change International says in a December 20 statement that countries in the OECD Arrangement on Officially…| 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)