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Britain's Export Credit Guarantee Department is fuelling climate change, human rights abuses and third world debt. It's time for change. Read more

UK’s ECGD backs $1bn of loans for deep-sea oil drilling as climate talks take place in Durban

Posted on December 6, 2011 by Maddy 0 comments

Vince Cable’s department has broken a key coalition deal on the environment for a second time. UK Export Finance – also known as the Export Credits Guarantee Department (ECGD)  - has announced it is backing up to $1bn of loans to Brazilian oil company Petrobras, which specialises in deep and ultra-deep water drilling [2]. The [...]

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Halloween protest exposes debt skeletons in the Government’s cupboard

Posted on October 31, 2011 by Maddy 0 comments

Debt campaigners from around the UK, and beyond, travelled to Westminster to demand Vince Cable comes clean on dictator debts.  Organised by Jubilee Debt Campaign,  this demonstration coincided with the first conference of the Popular Campaign to Drop Egypt’s Debt in Cairo, and the publication of new information showing that at least some of Egypt’s [...]

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Dictator Debts day of action, 31 October

Posted on October 26, 2011 by Maddy 0 comments

On  Monday 31 October, Jubilee Debt Campaign is holding a day of action to call for an audit of the UK’s ECGD debts, and cancellation of those which are unjust. Vince Cable, based at the Department for Business Innovation and Skills (BIS), oversees over 90% of the debt owed to the UK by developing countries. [...]

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Campaigners ask Vince Cable ‘What Skeletons are in the Government’s Cupboard?”

Posted on September 26, 2011 by Maddy 0 comments

Campaigners from Jubilee Debt Campaign arrived at Liberal Democrat conference dressed as skeletons to ask Vince Cable ‘What debt skeletons are in the Government’s cupboard’. Vince Cable,  controls the Government’s Export Credits Guarantee Department – which is responsible for over 90% of the debt owed to the UK by developing countries. The skeletons reminded Liberal [...]

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Europe strengthens transparency and oversight of European export credit

Posted on September 16, 2011 by Maddy 0 comments

The European Parliament has adopted almost unanimously (643 for, 20 against and 9 abstentions) a resolution by Yannick Jadot MEP (Green) which will bring more transparency and supervision to export credit agencies across the European Union. As a result, all agencies of EU countries, including the ECGD, will have to produce a detailed annual report on [...]

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