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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.

With an overwhelming majority - 643 votes in favour, 20 against and 9 abstentions - a new law, which forces European export credit agencies (ECAs) to be more transparent about the environmental and social effects of transactions supported by ECAs, has just been approved of in the European Parliament. As of next year, all ECAs will have to deliver a report about this to the European Commission and the European Parliament on a yearly basis.
Both ENDS is a member of the ECA-Watch network, which monitors ECAs and stimulates more transparent, sustainable and socially just ECA-supported transactions. Clearly we are very pleased with the current developments and we hope that this will be a first step towards greener and fairer investment policies in the EU.

At the World Trade Organization (WTO) headquarters in Geneva, an important discussion is now being held. The discussion is about the question if strict rules will be imposed on the least developed countries for the protection of intellectual property. These regulations are meant to protect investments in the development of new products, but they also block the development of the poorest countries. Thus far, these countries were therefor excepted from regulations for developed (i.e. rich) countries, but this agreement ends July 1^st this year. Both ENDS’ Burghard Ilge has been working to make sure the agreement will be prolonged. ‘I fear many people in these countries will no longer have access to medicine and study books.’

This week the brand new South-African website ‘EMG’s Untold Stories’ was launched. On the website, author Leonie Joubert gives a voice to different people who work to improve their environment, together with the South African organization ‘Environmental Monitoring Group’ (EMG). Each of the four stories collected by Joubert focuses on a different aspect of the work EMG does to ensure that South African natural resources are managed in a sustainable and equitable way. The online book has been published as part of the Both ENDS’s project ‘An Untold Story’, which gives human rights and environmental organisations from four different corners of the world a chance to tell their story about the impact the global economy has on their local environment. 

As negotiations were held by European policymakers today about a possible capital increase of the European Investment Bank (EIB), a press release was issued by Counter Balance: a coalition of Both ENDS and European NGO's that monitor the EIB. As long as it's not clearly evident where the loaned money goes and no conditions are set for advancing the support of sustainable projects, the EIB is not ready for such an expansion according to the involved organisations.

From the first moment I arrive in Surabaya, I enter the rollercoaster called ECOTON. I'm visiting them to get to know the work of this long-time Both ENDS partner, and have only three days for this. But ECOTON does a lot, and all of it at the same time. Tirelessly, they work on the protection of the Brantas River.

On December 21st our dear colleague and friend Glenn Switkes from International Rivers passed away very unexpectedly shortly after he had been diagnosed with lung cancer. Only two months ago he contributed to a political café organised by Both ENDS in the Netherlands about the impact of infrastructural projects in the Amazon. He was strong as ever, full of energy, making a strong case clearly showing his years of experience.