Private Infrastructure Development Group: Fossil Fuels

(asked on 14th December 2020) - View Source

Question to the Foreign, Commonwealth & Development Office:

To ask the Secretary of State for Foreign, Commonwealth and Development Affairs, what plans he has to prevent the Private Infrastructure Development Group from funding fossil fuel projects overseas.


Answered by
James Duddridge Portrait
James Duddridge
This question was answered on 17th December 2020

The Prime Minister has announced that the British government will no longer provide any new direct financial or promotional support for the fossil fuel energy sector overseas. There will be a few - tightly bound - exemptions allowed for activities that support health and safety improvements, form part of wider clean energy transitions, support decommissioning, or are associated with a humanitarian response.

This policy will help inform PIDG's own climate change approach. PIDG does not invest in the extraction, production or refining of crude oil, natural gas or coal. PIDG is already committed to the goals of the Paris Agreement, and has committed not to invest in any new energy projects that are not aligned with Paris.

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