Fossil Fuels: Export Credit Guarantees

(asked on 15th December 2020) - View Source

Question to the Department for International Trade:

To ask the Secretary of State for International Trade, how many fossil fuel projects UK Export Finance (a) is currently considering for support or (b) has been asked to consider for support in the future; and for each project (i) where it is located and (ii) what fossil fuel it relates to.


Answered by
Graham Stuart Portrait
Graham Stuart
This question was answered on 23rd December 2020

On 12 December 2020, the Prime Minister announced that the British government will no longer provide any new direct financial or promotional support for the fossil fuel energy sector overseas. This policy will be implemented as soon as possible following the conclusion of the consultation process that was also 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.

I refer the Hon. Member for Edmonton to my responses to the Hon. Member for Birmingham, Edgbaston on 18 November 2020 (UIN: 91998) and 25 November 2020 (UIN: 118072), which listed the fossil fuel related projects that UK Export Finance is currently considering for 2021, their locations, and the type of fossil fuel involved.

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