Overseas Aid: Fossil Fuels

(asked on 24th February 2021) - View Source

Question to the Foreign, Commonwealth & Development Office:

To ask the Secretary of State for Foreign, Commonwealth and Development Affairs, how many legacy investments in fossil fuels within the CDC Group’s portfolio have been phased out since 2018.


Answered by
James Duddridge Portrait
James Duddridge
This question was answered on 3rd March 2021

CDC's legacy portfolio comprises investments made by funds committed to before 2012 when major changes to CDC's strategy and investment policy were introduced.

CDC's full energy portfolio, as of December 2019, is available online: https://assets.cdcgroup.com/wp-content/uploads/2020/09/11174306/Fossil-Fuels-and-Renewables-portfolio-as-at-31-December-2019-pdf.pdf.

Four fossil fuel power investments made through fund investments before 2012 have been exited since 2018.

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