Sweden restricts international oil and gas finance to deliver on climate commitment

September 20, 2022By Nina PusicEnergy Transitions & Futures, Press Releases, Stop Funding Fossils No Comments

As the deadline for implementing the Glasgow Statement looms, the Swedish export credit agencies, SEK and EKN, have released an updated policy. A previously-released policy aligned Swedfund – the Swedish development finance institution – with the Glasgow Statement. SEK and EKN’s new policy ends almost all support to fossil fuels by 31st December 2022, with some limited exemptions.