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Activists demand end of massive OECD support for fossil fuels

Eca-Watch Network Press Release

Paris, 18th November 2014 This week in Paris, a secretive body within the OECD will discuss the potential revision of the “gentlemen’s agreement” (1) under which they provide billions of dollars of public financing into the fossil fuel sector through their member export credit agencies. This morning, prior to a meeting with the OECD Export Credit Group, activists from the Export Credit Agency...

Temàtiques: 

  • Energy
  • Extraterritoriality

Exclusive: British taxpayers underwrote deals worth £140m by firm based in Cayman Islands

Tom Harper & Daniel Beiszley. Article on the UK ECA. Published in The Independent, 6th July 2014

The Government is using taxpayers’ money to underwrite £140m-worth of deals for a company whose ultimate ownership is based in a notorious tax haven. UK Export Finance, a branch of the Department for Business, is risking public funds to provide insurance cover for deals involving the aircraft leasing firm AWAS Aviation Capital Ltd. The company is backed by Terra Firma, one of the world’s biggest...

Temàtiques: 

  • Energy
  • Extraterritoriality