Both ENDS
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.
The port of Suape in Brazil is currently being expanded and dredged, with damaging implications for the local population and environment. The Dutch dredging company Van Oord executes a large proportion of the dredging-work, supported by export credit insurance from the Dutch export credit insurance agency Atradius DSB. Correspondent Katy Sherriff has made several reports in the area, which will be aired on Dutch radio in ‘Reporter’ on Sunday. Her story will be accompanied by live commentary from the studio, from Dutch political party PvdA-member Jan Vos and Both ENDS’ own Wiert Wiertsema.
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.
The official Dutch export credit agency Atradius DSB in November 2010 announced to consider support for the expansion of the Panama canal. According to the local Gatún Lake Defense Committee the project in its current shape will not only be uneconomic, but also very harmful to the environment. Recently Both ENDS informed Atradius DSB of these concerns. The ECA is currently assessing the significance of these concerns for its eventual decision to issue an insurance policy.
Atradius Dutch State Business (Atradius DSB) remains responsible for observing social, environmental and human rights, also after providing export credit insurance. That is the conclusion of the Dutch National Contact Point (NCP) for the OECD Guidelines in its final statement, which was published today. Both ENDS issued a press release about this.
