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.