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Webinar outlines why the Barossa project is worth worrying about

Latest News, Climate Justice, Climate proof EFA, EFA

Release Date: 12 May 2021

The Barossa Project is a new large scale and high risk gas project that will draw gas from an offshore field located in pristine marine waters 100km north of the Tiwi Islands. Jubilee Australia spoke at a webinar, organised by Environment Centre NT, on the role of export credit agencies in financing this project and what civil society is doing to oppose this.

Export credit agencies and states potentially at risk of climate litigation over finance for fossil fuels

Latest News, Climate proof EFA, EFA

Release Date: 04 May 2021

Export credit agencies (ECAs) – and the governments that oversee them – could be in violation of their international legal obligations if they do not take action to reduce their financing of fossil fuel-related activities imminently. That is the main conclusion of a new legal opinion published today, two days before ministers gather at the Petersberg Climate Dialogue. The opinion, which was commissioned by Oil Change International, for the first time lays out the international law obligations of ECAs that are responsible for tens of billions of dollars per year in support for fossil fuels.

‘Australia needs to end official financing for fossil fuel exports’ say Australian CSOs

Latest News, Climate Justice, Climate proof EFA, EFA

Release Date: 22 Apr 2021

A group of Australian Civil Society (CSOs) sent an open letter to Minister Dan Tehan yesterday, calling for Australia to join governments worldwide who are moving away from using export finance to fund fossil fuel projects.

Public Statement by CSOs on the Launch of the Export Finance for Future: Export Finance Leadership Coalition Fails to Lead

Climate Justice, Climate proof EFA, EFA

Release Date: 16 Apr 2021

On 14 April 2021, governments from Europe and the UK launched the Export Finance for Future (E3F) coalition. We, the undersigned civil society organisations from around the world, welcome this as a step in the right direction. Nonetheless, we urge these self-proclaimed leaders to show a higher level of ambition. The principles committed to by this coalition fail to adequately address export finance for fossil fuels and, as such, fail to address the urgency of the climate crisis.

Concerns Over Bill to Amend Efic

Changing Australia, EFA

Release Date: 14 Feb 2019

Yesterday the Government introduced a bill to amend Efic. If approved, Efic would change its name to Export Finance Australia and take responsibility for a $1 billion fund with the objective of supporting infrastructure in the region. Worryingly, lending money through this mechanism could only occur if the infrastructure project would result in an “Australian benefit”. This would be a dramatic change.