Fossil Fuels: Overseas Investment
(asked on 11th February 2021) - View Source
Question to the Foreign, Commonwealth & Development Office:
To ask Her Majesty's Government what plans they have to extend any policy on banning overseas fossil fuel investment to investments made by the CDC Group, including those by third party financial institutions.
Answered by
Lord Ahmad of Wimbledon
Minister of State (Foreign, Commonwealth and Development Office)
This question was answered on 25th February 2021
The Prime Minister announced at the Climate Ambition Summit on 12 December 2020 that the Government will no longer provide any new direct financial or promotional support for the fossil fuel energy sector overseas, with very limited exemptions. The policies of CDC are well aligned to the delivery of the Government's policy to end fossil fuel investment overseas.