Both ENDS
Both ENDS and 95 other organisations* today sent a letter to State Secretary for Finance Marnix van Rij and Minister for Foreign Trade and Development Cooperation Liesje Schreinemacher calling on them to implement the Glasgow Declaration in full. In this agreement, which the Netherlands and 33 other countries signed at the Glasgow climate conference, the signatory countries pledge to stop all public funding for fossil projects by the end of 2022.
Hundreds of organisations from dozens of countries have expressed solidarity with the Ukrainian people in a collective call on world governments to end fossil fuel production once and for all. The current crisis sees Putin weaponising oil and gas money to threaten livelihoods and fuel terror with escalating violence, underscoring the fossil fuel system's role in driving conflict.
TotalEnergies and the Chinese National Offshore Oil Cooperation (CNOOC) are currently developing an oil extraction and transportation project in Uganda: East African Crude Oil Pipeline (EACOP). The project – the construction of a heated pipeline (EACOP) of no less than 1445 kilometers through Uganda and Tanzania to export crude oil, is increasingly causing human rights violations and environmental damage. This is a matter of great concern to civil society organisations in Uganda and beyond. This week, Both ENDS, together with partner organisations in Uganda, sent an urgent letter to twelve pension funds and asset managers with investments in TotalEnergies and CNOOC.
Ondiri wetland in Kenya will host the official national World Wetlands Day
celebration on the 2nd of February. This news was received with much joy by the residents of Kikuyu Town and conservationists. For many years, Ondiri Wetland was
polluted and degraded, especially due to encroachment and greenhouse farming. But thanks to sustained and concerted efforts by the residents together with a broad range of governmental and non-governmental stakeholders, the conservation of this critical wetland is now being secured. Violet Matiru from Kenyan organisation Millennium Community Development Initiatives (MCDI), finds it a great honor that Ondiri was selected for the celebrations. "The cherry on the pie!"
Today, on the eve of the UN Climate Change Conference, COP26, the fossil fuel divest-invest movement released a new report that details how institutions representing an unprecedented total of EUR 33.7 trillion worth of assets have now committed to some form of fossil fuel divestment, a figure that's higher than the annual GDP of the United States and China combined.
Export support – and especially that to fossil projects – has been in the spotlights quite often recently. This is a positive development, because the Netherlands alone provides fossil export support worth 1.5 billion euros per year. At the climate summit in Glasgow, the United Kingdom launched a statement promising to stop providing export support to fossil projects by the end of 2022. After having denied at first, the Netherlands decided to join the statement after all – which now has already been signed by nearly forty countries and financial institutions.
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.
