Tell your Senators to stop the Efic Bill!

The government is trying to rush through a sneaky bill that would expand Efic’s power and give them an extra $1 billion to fund fossil fuel projects overseas.

Efic, Australia’s export credit agency, has a long history of funding fossil fuel projects that are bad for women’s rights – especially in low income countries.

The Senate is set to vote on the Bill next week, and so far there has been hardly any public consultation.

We can’t let the government sneak through this Bill without consulting their voters. Email your Senators now and urge them to block the Efic Bill and stop Efic from funding fossil fuel projects in the future. Send a message now.

The government is trying to rush through a sneaky bill that would expand Efic’s power and give them an extra $1 billion to fund fossil fuel projects overseas.

Efic, Australia’s export credit agency, has a long history of funding fossil fuel projects that are bad for women’s rights – especially in low income countries.

The Senate is set to vote on the Bill next week, and so far there has been hardly any public consultation.

We can’t let the government sneak through this Bill without consulting their voters. Email your Senators now and urge them to block the Efic Bill and stop Efic from funding fossil fuel projects in the future. Send a message now.

Email your Senators

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We can’t let the government sneak through this Bill without consulting their voters. Email your Senators now and urge them to block the Efic Bill and stop Efic from funding fossil fuel projects in the future.

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Subject:

I am writing to express my serious concern about the Export Finance and Insurance Corporation Amendment Bill 2019 that is about to be discussed by the Senate, and to urge you to vote against it.

It is my understanding that this Bill would greatly expand the power of Australia’s export credit agency and increase its access to “callable capital” from $200 million to $1.2 billion.

The government has not consulted the public on this issue and is rushing this bill through Parliament without adequate time for consultation.  I was concerned to see that the recent report released by the Senate Committee ignored all the important issues raised by civil society groups.

Efic has a long history of funding fossil fuel projects that have been detrimental for women’s rights and their communities, and low income countries as a whole. Efic has also consistently shown disregard for the environmental impact of its investments. This is not a body we can trust with an extra $1 billion.

One recent example of Efic’s worrying investment history is the PNG LNG project, which Efic funded in 2014. Research by Jubilee Australia showed a range of negative impacts from this project for local communities, including an increase in violence, and harm to the PNG economy overall. This does not include the climate impact of opening up new fossil fuel projects around the world, which could be devastating.

Given Efic’s history of lending to projects associated with significant threats to human rights and the environment, I am calling on you to block this Bill and work to rule out fossil fuel funding from Efic’s mandate in the future.

I look forward to your response on this issue.

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