Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what fiscal steps he has taken to discourage investment in fossil fuels overseas.

The Government engages in a range of activities designed to facilitate lower global greenhouse gas emissions, including through international diplomacy, and the provision of Official Development Assistance.

As set out in the Green Finance Strategy, the Government will align the UK’s Official Development Assistance spending with the Paris Agreement. In practical terms, this will include ensuring any investment support for fossil fuels affecting emissions is in line with the Paris Agreement temperature goals and transition plans.