Export Credit Agencies, Environmental Standards And The G8 Summit In Okinawa

EDM number 975 in 1999-00, proposed by David Chaytor on 13/07/2000.

That this House notes the increasing concern in many countries about the environmental impact of investment projects supported by export credit agencies; regrets the lack of support by the OECD Working Party on Export Finance for the policy of the adoption of commonly accepted World Bank standards as guidelines for ECA reform; welcomes the initiative by the United States Government to raise this issue at the forthcoming G8 Summit in Okinawa; supports the principle of the adoption of basic environmental guidelines for export credit agencies including environmental impact assessment procedures, greenhouse gas emissions accounting and lending prohibition policies; and calls on the Government to give support for a G8 directive on environmental guidelines for export credit agencies to be adopted no later than the G8 summit in 2001.

This motion has been signed by a total of 52 MPs.