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Canada’s $1.6-billion bailout for Alberta’s battered oil industry is well underway, but with little transparency about who is getting the money and for what.

Almost $1 billion of the package of loans, guarantees and government grants announced last December is in the hands of companies, but details are available for just a small fraction of the spending and the industry says it has not helped much.

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The package is rolling out as pressure mounts on Canada to fulfil its promise to end all subsidies to fossil-fuel producers, and as European banks flee the sector altogether.

Sweden’s central bank said Wednesday it had sold its Alberta-government issued bonds because it will no longer invest in assets held by governments or companies with large climate footprints. A day later, the European Investment Bank, the non-profit lending institution of the European Union, announced it will not invest in fossil-fuel projects after 2021.