Swedish Export Credit investments supporting the expansion of Airports in Vietnam

* UPDATE * EKN and SEK (The recipients of this climate warning) have corrected the claim made in the cited articles that the decision to invest have already been made. Instead, they have only made an offer through a letter of intent to the Vietnamese parties. I´m glad to hear that the deal hasn´t gone through, but as far as I can see, this does not change my criticism of the decision to pursue investments into airports which would increase the demand for fossil fuels. * UPDATE * The state-owned export credit system is going to be contributing to investments in Vietnam that are totally counterproductive towards meeting our climate targets. Having granted 17 BILLION Swedish crowns in loans to expand airports in Vietnam between 2020 and 2025. As a part of the export credit model, a third of this money is earmarked to be spent with Swedish companies. This is particularly bad since during the climate ambition summit 2020 this last Saturday, our Prime Minister Stefan Löfven went out with the announcement that by 2022 no Swedish export credit investment would support the extraction of fossil fuels. This has been a standing position since 2019, when the government went out and announced this policy. But now this is totally undermined by investments that would mean increased demand for fossil fuels in the aviation industry. For comparison, the entire Swedish environmental protection budget is around 12 billion SEK in 2020. This is a decision that undermines Swedish credibility in the fight against climate change and should be reversed. Read more here: https://www.aerotime.aero/26635-sweden-to-invest-2-billion-into-airports-growth-in-vietnam https://supermiljobloggen.se/dumheter/sverige-flygplatser-i-vietnam-med-miljarder/ (SWEDISH) https://www.government.se/speeches/2020/12/address-by-pm-stefan-lofven-at-the-climate-ambition-summit-2020/ (Stefan Löfven´s speech from CAS 2020) Photo by: Josue Isai Ramos Figueroa