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, pursuant to the Answer of 18 November 2020 to Question 91998 on Fossil Fuels: Export Credit Guarantees, what status the listed projects have following the Prime Minister’s announcement of 12 December 2020 on ending direct financing for fossil fuel projects overseas.


Answered by
Graham Stuart Portrait
Graham Stuart
Minister of State (Department for Energy Security and Net Zero)
This question was answered on 23rd 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.

The projects referred to in my response to the Hon. Member for Birmingham, Edgbaston on 18 November 2020 (UIN: 91998) are still under consideration by UK Export Finance, and no decisions have been made. It is our policy not to comment on potential transactions for reasons of commercial sensitivity.

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