GTR eNews: May 24th
Global Trade Review (GTR)
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Top Stories
Oil majors urged to reduce reliance on carbon capture
Researchers warn transition plans set out by European and US oil majors would likely contribute to a 2.4°C global temperature rise and are urging financiers to shun fossil fuel expansion projects.
US Exim failed to heed Trafigura fraud warnings: watchdog
US Exim provided up to US$360mn in cover for commodities giant Trafigura despite warnings over potential fraud risks, the US agency’s inspector general has found.
Trade Leaders Interview: Vivek Ramachandran, HSBC
Vivek Ramachandran, HSBC’s head of global trade and receivables finance, outlines headwinds facing the trade finance sector and singles out some of the most promising products and markets.
ECAs to the rescue: Saving Europe’s offshore wind industry
Europe's offshore wind industry is batting supply chain snarls, project delays and dwindling finance. Amid fears headwinds could hinder the energy transition, policymakers have intervened.
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Contributed articles
Managing the perils of the green transition with credit and political risk insurance
Michael Creighton, WTW’s head of trade credit and trade finance for Great Britain, discusses how credit and political risk insurance can help mitigate the risks of the green transition.
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