The Dutch export credit agency Atradius DSB is not aligned with the Paris Climate Agreement; on behalf of the Dutch State, it continues to strongly support investments in fossil fuels. This is the conclusion of a report by German research agency Perspectives Climate Research (PCR), in which the export credit agencies of the Netherlands and Japan are measured in terms of their climate ambitions and alignment with the Paris Agreement.

At the beginning of this year, the Dutch government provided Dutch companies with export insurance worth 903 million euros to enable them to participate in a gigantic natural gas project in the north of Mozambique. Together with partners from Mozambique and the Netherlands, Both ENDS has been conducting a dialogue with export credit agency Atradius DSB and the responsible Ministries of Finance and Foreign Affairs on the possible financial, environmental and social risks of the gas project.

Today, two independent experts brought out a legal opinion on the obligations of countries and their export credit agencies under international law in relation to export support for fossil fuels. According to the report, emissions by fossil fuels and the related infrastructure need to be reduced urgently.

Since the signing of the Paris Climate Agreement, rich countries have provided almost 50 times as much export support for fossil fuel related projects as for clean energy projects in four African countries. This is the conclusion of a report written by five environmental organisations from Ghana, Nigeria, Togo and Uganda, in cooperation with Friends of the Earth Netherlands and Both ENDS. The rich countries insured energy projects with a total value of 11 billion US dollars through their export credit agencies (ECAs). More than half of this export support is related to fossil fuels. Only 1% went to sustainable renewable energy.

Pernambuco, is in the extreme northeast of Brazil, is one of the country's poorest regions. One of the most important projects aimed at stimulating development in the state is the expansion of the deep-sea port of Suape, complete with an oil refinery and shipyards. The port covers an enormous area; at 13,500 hectares it is bigger than all the different sites of the port of Rotterdam together. Unfortunately, the port lies in the middle of an exceptional and vulnerable ecosystem of mangrove forests and Atlantic rainforest, which are under serious threat from the expansion. Furthermore, the livelihoods of the approximately 25,000 people living in the area are at risk. Most of these people are so called 'traditional communities' of artisanal fisher folk including a number of Quilombola communities whose inhabitants are descended from enslaved people who have lived in this lands for hundreds of years. The communities' fishing catch is visibly declining as a consequence of industrial pollution, the most serious case of which was the oil spill that badly affected the whole coast of Northeast Brazil at the end of last year.

Almost 40 civil society organisations and networks from around the world, including Both ENDS, today sent a letter to Dutch Minister for Foreign Trade and Development Cooperation Sigrid Kaag and State Secretary for Finance Hans Vijlbrief. They are asking the ministers to ensure that the expansion of export credit insurance as a result of the Corona crisis contributes to a green recovery.

The Netherlands provides export credit insurances and guarantees worth 1.5 billion euros annually to Dutch companies active in the oil and gas sector abroad. This support amounts to one and a half times the annual amount that the Cabinet of Prime Minister Rutte mobilises for climate initiatives worldwide. The intended effects of Dutch international climate policy are more than offset by this fossil export support. That is the conclusion of a new report from Both ENDS which is published today.

Reward high-risk international business projects investing in a green future and stop support for the international fossil industry

The climate is 'hot'. Everyone is talking about it. 'Everyone needs to do something' calls the government in its recently started public campaign. Good plan. Let's really do something. For a start, we can stop supporting international trade in fossil energy by our own multinationals. That would free up 1.5 billion euros which we could use to combat climate change on an international scale and at the same time give our own innovative businesses a boost. Today's Vergeten Klimaattafel (Forgotten Climate Roundtable) will discuss the opportunities for the Netherlands to have a real impact. And those opportunities are enormous. Because our big money and our influence lie beyond our borders.

Export credit agencies (ECAs) play a central role within the complicated web of global development finance. In 2018, Both ENDS invested in strengthening cooperation among organisations working on ECAs, building a strategic global collaboration to stop ECAs' support of fossil fuels and improve their environment and human rights record.

Joint press release from Both ENDS and Fossielvrij NL - 26 March 2019

A group of 22 wealthy Dutch investors have decided to disinvest all their personal capital, worth a total of 200 million euros, from the top 200 oil, gas and coal companies. The investors have pledged to disinvest all their capital from the fossil industry within three to five years. By doing so, they are giving a clear signal that they do not want their capital to contribute to disastrous climate change.

On Wednesday, November 14, Dutch Newspaper De Volkskrant published a joint op-ed by Both ENDS, Hivos, Greenpeace Netherlands and Witness about the deforestation in the Amazon region which is still going on rapidly, having disastrous consequences for the indigenous people who live in the area, for biodiversity and for the climate. The Netherlands is one of the largest buyers of Brazilian agricultural products such as soy and beef, and should ensure that deforestation, land grabbing and human rights violations do not occur in these production chains. Unfortunately, this is not at all the case yet.

November 2017. A delegation of the Dutch dredging company Van Oord listens to fishermen from communities around Suape harbour, Brazil. For the fishing communities, the meeting meant a long-awaited breakthrough in their efforts to have their grievances heard. Their fishing grounds have been damaged ever since Van Oord started deepening the sea access channel to the port seven years ago. 

In 2017 Both ENDS stepped up its efforts to stop the Dutch government from supporting the fossil fuel industry. Phasing out fossil fuels is key to achieving the goals set in the Paris Climate Agreement. To Both ENDS, there is another reason: fossil fuel-related projects often have disastrous effects for the poorest people in the Global South.