Oil Change International: Italy's SACE Breaks Climate Promise With $500 Million Guarantee for Peru Oil Refinery
July 12, 2023
July 12, 2023
WASHINGTON, July 12 (TNSpp) -- Oil Change International issued the following news release:
Italy's export credit agency SACE has approved a $500 million guarantee in loans for the Talara oil refinery in Peru, once again breaking their commitment to end their international public finance for fossil fuels by the end of 2022.
SACE is the biggest public financier of fossil fuels in Europe. Between 2016 and 2021, SACE supported EUR 13.7 billion in fossil fuels. A study . . .
Italy's export credit agency SACE has approved a $500 million guarantee in loans for the Talara oil refinery in Peru, once again breaking their commitment to end their international public finance for fossil fuels by the end of 2022.
SACE is the biggest public financier of fossil fuels in Europe. Between 2016 and 2021, SACE supported EUR 13.7 billion in fossil fuels. A study . . .