Fossil Fuels: Export Credit Guarantees

(asked on 14th December 2020) - View Source

Question to the Department for International Trade:

To ask the Secretary of State for International Trade, pursuant to the Government announcement on an end to support for the fossil fuel sector overseas and to the Answer of 18 November 2020 to Question 91998 on Fossil Fuels: Export Credit Guarantees, whether those projects remain under consideration for 2021.


Answered by
Graham Stuart Portrait
Graham Stuart
This question was answered on 17th December 2020

The new policy on ending government’s support to fossil fuels overseas announced by the Prime Minister at the Climate Ambition Summit will be implemented as soon as possible following the conclusion of the consultation process that was launched on 12 December.

During the consultation period and ahead of the implementation of the new policy, the government will continue to apply current policy for all in-scope activities including proposals for high carbon projects, with consideration of relevant factors including climate change. During this period, UK Export Finance (UKEF) will apply government’s current policy and continue to consider applications for support in the oil and gas sector.

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