Fossil fuel subsidies and potential conflict of interest: Parliamentary question on SACE

The decision by the government and SACE to break climate promise made during COP26 in Glasgow has aroused strong indignation. SACE, Italy’s export credit agency, will continue to finance fossil fuel projects abroad until at least 2028, thus reinforcing its position as the leading supporter of the fossil fuel industry in Europe and sixth globally.

An indignation so strong that it prompted the group Alleanza Verdi e Sinistra in the Chamber of Deputies to present an oral parliamentary question, aimed at clarifying three aspects:

– whether the actions of the Government and SACE disregard the commitments made during COP26

– whether the right steps will be taken to stop public investment and SACE’s guarantees for fossil fuel projects abroad linked to the extraction and transport of fossil fuels

– whether there is a potential conflict of interest where the Chairman of the Board of Directors of SACE is also a member of the Board of Directors of Eni

As ReCommon we express our satisfaction with the initiative, and we will work to monitor that the question does not fall on deaf ears as it often does.

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