Fossil Fuels: Export Credit Guarantees

(asked on 9th January 2020) - View Source

Question to the Department for International Trade:

To ask the Secretary of State for International Trade, with reference to the Australian bush fires and the climate emergency, if she will make an assessment of the potential merits of barring UK Export Finance from providing credit for businesses investing in fossil fuels.


Answered by
Conor Burns Portrait
Conor Burns
This question was answered on 14th January 2020

Tackling climate change and supporting the transition away from dependence on high greenhouse gas emitting energy sources is a priority for Government. As the world transitions to a low carbon economy, there remains a need for a mix of energy sources and technologies. UK companies have an important role to play in the transition away from fossil fuels and UK Export Finance (UKEF) will remain responsive to the evolving export financing needs of UK companies during this transition.

Reticulating Splines