Fossil Fuels: Finance

(asked on 8th February 2021) - View Source

Question to the Department for International Trade:

To ask the Secretary of State for International Trade, what proportion of (a) UK Export Finance and (b) official development assistance investments in fossil fuel projects in the last five years have been made in gas projects which would fall under the exclusions identified in the Government consultation on aligning UK international support for the clean energy transition.


Answered by
Graham Stuart Portrait
Graham Stuart
Minister of State (Department for Energy Security and Net Zero)
This question was answered on 16th February 2021

Until the Government has completed its assessment of the responses to the consultation and finalised the policy in this area, details of the final parameters of the exemptions remain subject to change. Additionally, as this policy was neither in place nor under consideration during the period in question, UK Export Finance (UKEF) does not hold sufficient data to assess whether an exemption could have been applied to certain projects which otherwise could not be supported under the new policy. Similarly, the Foreign, Commonwealth and Development Office does not hold sufficient data about official development assistance in the form required. Consequently we are unable to provide this information other than at disproportionate cost.

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