Oral Answers to Questions

Kerry McCarthy Excerpts

Thursday 23rd November 2017 Commons Chamber

[Mark Garnier]

I will have to get back to the hon. Gentleman on the exact figures, but he is absolutely right to highlight the fact that we need to do more to promote this opportunity for SMEs to get this high street financing through UK Export Finance. To that end, in the Budget, we have allocated an advertising budget in order to be able to promote UK Export Finance.

[Kerry McCarthy (Bristol East) (Lab)]

Some 99% of UK Export Finance spending on energy goes on the most polluting fuels. Does the Minister consider that his Department is exempt from the Government’s commitments under the Paris climate change treaty?

[Mark Garnier]

It is perfectly reasonable that the whole Government adhere to the objectives of all the agreements we have undertaken, so no Department would go against any of that. However, I would also point out that we are undertaking financing for offshore wind farms, so we are actually helping to build more carbon-neutral capacity.