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Dutch government still supporting oil, gas projects abroad, despite promises to stop

The Dutch government is still insuring fossil fuel extraction by Dutch companies abroad, despite promising to stop the practice this year at the COP26 international environmental conference in Glasgow. At least three fossil fuel projects got state guarantees worth 310 million euros this year. Another four companies' applications are still being processed. ....

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Ahead of OECD negotiations, report shows OECD export finance props up fossil fuels, blocking energy transition

New analysis by Oil Change International shows that OECD countries supported fossil fuel exports by an average of $41 billion from 2018 to 2020, almost five times more than clean energy exports. This directly contradicts internationally agreed climate goals, including the Paris Agreement objective to align financial flows with the low-carbon energy transition. ....

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European finance ministers target ECAs, OECD with fossil fuel reforms

Export credit agencies (ECAs) in the EU have been given until the end of next year to set deadlines for ending support for the fossil fuel sector, as the bloc calls for a ban on export credit support for fossil fuels at the OECD. In a statement released following a meeting of EU finance ministers . ....

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CSOs say E3F countries need to act with urgency and integrity to meet commitments to end export finance for fossil fuels

The time has come for ambitious E3F action, not just ambitious words. We do not want to see a year of vague compromises and exceptions that water the commitment down and lead to continued support for fossil fuels, such as gas - as this not only puts the climate at risks, it also locks countries in the south into fossil dependence with all the economic risks that come along. ....

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ERA/FOEN, others push for sustainable energy in Africa

ERA/FOEN, others push for sustainable energy in Africa
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