Letter / 15 December 2022

No export credit support for Santos FPSO

In October this year, the Dutch government published a policy to implement the COP26 statement in which it promised to stop public finance for fossil fuel projects abroad by the end of 2022 . In spite of this pledge, the Netherlands is considering granting an export credit insurance to a floating production storage and offloading (FPSO) vessel that will be used to produce oil and fossil gas in Brazil for a period of 30 years.

A group of Dutch and Brazilian NGOs sent this letter to the Dutch responsible policy makers, to emphasise that support for this project is absolutely incompatible
with ad contrary to the COP26 Statement and a 1.5C scenario. This project should not be supported with public means.

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