Briefing Paper: The role of European ECAs in financing the energy transition

THE HAGUE/CABO DELGADO, December 1, 2025 - Today, Minister of Finance Eelco Heinen announced that TotalEnergies is withdrawing from a $640 million Dutch export credit insurance policy for a controversial gas project in Mozambique. Although the Dutch government has been avoiding this decision for years, this move has finally ended part of the Dutch involvement in this disastrous project.

With great pride, Both ENDS launches today it’s new strategy for the coming 5 years: “Connecting people for an environmentally just world”. This strategy was developed in close collaboration with our partner network, which has always been, and still is, the foundation of our work. Together, we strive for an environmentally just world in which people and ecosystems thrive and all people can live a life of dignity.

On September 23th the European Union and Indonesia concluded their negotiations of the EU-Indonesia Comprehensive Economic Partnership Agreement (CEPA), a free trade agreement between the EU and Indonesia. Both ENDS condemns this agreement for favoring corporate interests over those of local communities and the environment.

Photo blog - In June, I travelled to Indonesia with our partner organization Puanifesto to research the impacts of nickel mining in East Sulawesi. On July 13th, the news broke that the European Union and Indonesia have reached a political agreement on a free trade agreement that was years in the making, called the Comprehensive Economic Partnership Agreement (CEPA). Nickel from Sulawesi is already being used in European cars. This makes it all the more important that we ensure that human and environmental rights are secured in mining and refining operations in Indonesia, before the road is opened to more extraction and exploitation for the European market. The conversations we have had with communities and workers on East Sulawesi show that more binding regulations are necessary to make this happen and ensure an energy transition that is socially and environmentally just.

Following Both ENDS & Kebekatche Women Development & Research Centre participation in Shell’s Annual General Meeting (AGM) and a formal follow-up in writing, the response received from Shell plc raises more questions than it answers.

Since President Trump's trade war and tariffs, international trade has once again been thrust into the spotlight. In Europe and the Netherlands, there are growing calls for new free trade agreements to be concluded as quickly as possible, as reflected in recent opinions in FD and de Volkskrant. But that is the wrong reflex, writes our colleague Marius Troost.

At the Annual General Meeting (AGM) of Shell in London, community leaders from the Niger Delta and international allies, including Both ENDS, are confronting Shell with a clear demand: Shell must take full responsibility for decades of pollution and human suffering in Nigeria’s Niger Delta before divesting from its on-shore oil operations.