"Amazonian and Coastal Communities Target Potential Petroperú Financier Italian Agency SACE", 03 July 2023

...In the face of mounting environmental and rights concerns, the Peruvian Federation of the Achuar Nationality (FENAP), the Autonomous Territorial Government of the Wampís Nation (GTANW), and the Cabo Blanco Fishing Association are targeting the potential financial investment by the Italian export credit agency, Servizi Assicurativi del Commercio Estero (SACE), in Petroperú...Pressuring SACE presents a strategic opportunity to halt the expansion of oil companies into the Amazon and Peruvian coast, and to hold Petroperú accountable for necessary environmental remediation and community reparations...

On June 27, 2023, FENAP, GTANW and the Cabo Blanco Fishing Association sent the following letter to Italian credit export agency, SACE; and Italy’s Ministries of Finance, Foreign Affairs, and Cooperation:

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The undersigned organizations – the Peruvian Federation of the Achuar Nationality (FENAP), the Autonomous Territorial Government of the Wampís Nation (GTANW), and the Cabo Blanco Fishing Association – respectfully write to the Italian credit export agency, SACE; and Italy’s Ministries of Finance, Foreign Affairs, and Cooperation, to immediately halt negotiations between SACE and Petroperú regarding the possible financial support of the company and its projects. 

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Despite Petroperú’s flagrant disregard for Indigenous peoples’ rights, human rights, and the environment, it has continued to operate due to the bankrolling of international financial institutions in Europe and the United States of America. Now, Petroperú hopes to convince financial institutions, such as SACE, of its viability and promise as a worthy investment...

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SACE’s potential support represents a grave risk to the rights of the Wampís, Achuar, and fishing communities, and serves as an alarming threat to Amazonian and aquatic ecosystems that are critical for sustaining all life on Earth...

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Social Risks: Petroperú’s operations, including the ONP, have caused innumerable environmental impacts as evidenced by reports. This situation has led to tense relationships with Indigenous communities, leading to significant community opposition and potential for future social conflicts.

Any financial institution that pours money into projects or companies that harm the Amazon actively contributes to harms to the Earth’s climate, the forests’ biodiversity, and livelihoods...