Question to the Department for International Trade:

To ask the Secretary of State for International Trade, what assessment she has made of the implications of the Prime Minister’s announcement on 12 December 2020 that the UK will end international finance for fossil fuels for the approval of those fossil fuel projects already in UKEF’s pipeline.

The date of implementation of the new policy will be determined following the consultation that was launched on the same day. 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, taking into consideration 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.