Lenders of last resort? Australia poised to use public money to help coal, oil and gas as private lenders flee
Release Date: 06 Jul 2021
A new report by Jubilee Australia has found that Australia’s export credit agency has given around 80 times more financing to fossil fuels than it is to renewables. And that trend could continue, as Trade Minister Tehan on 24 June announced forthcoming changes to legislation which could give EFA even more ways to finance fossil fuel projects. Between 2009 and 2020, Export Finance Australia (EFA) provided financing of up to $1.69 billion to coal, oil and gas but only $20 million to renewables.
Statement from Jubilee Australia, Caritas Fiji and Fiji Council of Social Services in relation to Amex Resources Limited advertisement
Release Date: 23 Jun 2021
On 19 June 2021, Amex Resources Limited (ARL) published a four-page advertisement in the Fiji Sun entitled “Amex Resources Limited – Response to NGO’s Allegations”. The statement responds to A Line in the Sand, a report published by Jubilee Australia, Caritas Fiji and Fiji Council of Social Services (FCOSS) on 26 May 2021. The report discusses the company’s black sand mining project in the Ba river delta on Viti Levu. Jubilee Australia, Caritas Fiji and FCOSS stand by the report and its recommendations and publish this statement in response.
Release Date: 26 May 2021
Today three community development and human rights groups, Jubilee Australia Research Centre, Fiji Council for Social Services and Caritas Fiji, released a new report raising the alarm about Australian companies engaging in black sand mining in Fiji.
Release Date: 24 May 2021
Friends of the Earth Australia, Jubilee Australia and ActionAid Australia just launched the Cane Toad Awards - a brand-new award ceremony aiming to name and shame Australian corporations behaving badly.
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
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.
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.