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export finance

Despite oil and gas Cop26 pledge, rich countries invest billions

Rich countries sink billions into oil and gas despite Cop26 pledge

The US, Germany and Italy have been accused of backsliding on a Glasgow promise to end public subsidies to fossil fuel projects overseas

Germany support new gas projects

Germany plans to keep funding new gas projects overseas despite pledge

Draft guidelines for its export credit agency signal support for some gas projects until 2025 – three years after the deadline set by the Glasgow pledge

US backs Indonesian oil refinery despite pledge to end fossil fuel finance

US backs Indonesian oil refinery despite pledge to end fossil fuel finance

The US has been accused of “breaking” a key climate financing commitment by approving almost $100m in support for an overseas fossil fuel project

OECD reforms set to give "green" projects better export finance

OECD reforms set to give “green” projects better export finance

OECD countries agree to extend support for ‘climate-friendly’ projects. But vague definitions and inclusion of contested activities worry campaigners.

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