Overseas Aid: Fossil Fuels

(asked on 25th March 2021) - View Source

Question to the Foreign, Commonwealth & Development Office:

To ask the Secretary of State for Foreign, Commonwealth and Development Affairs, what restrictions on investment in fossil fuels apply to CDC Group's recently announced $100 million investment in the Helios Investors IV fund.


Answered by
James Duddridge Portrait
James Duddridge
This question was answered on 13th April 2021

Every investment CDC makes is assessed for its positive development impact using an internationally recognised methodology. In addition to this, through its Code of Responsible Investing, CDC applies rigorous environmental, social and governance (ESG) standards to each investment.

As part of its commitment to Helios Investors IV, CDC has in place legal agreements to ensure that the fund cannot invest in a range of fossil fuel activities, including coal-fired power plants, coal mining, processing and trading, upstream oil and gas exploration and production, midstream oil, oil refineries and HFO only-fired power plants and mini-grids.

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