Fossil Fuels: Overseas Investment
(asked on 11th February 2021) - View Source
Question to the Foreign, Commonwealth & Development Office:
To ask Her Majesty's Government whether (1) the CDC Group, and (2) the Private Infrastructure Development Group, have to follow any policies set by central Government in relation to (a) investments, (b) loans, and (c) loan guarantees, linked to fossil fuels.
Answered by
Lord Ahmad of Wimbledon
Minister of State (Foreign, Commonwealth and Development Office)
This question was answered on 25th February 2021
CDC Group Plc and Private Infrastructure Development Group (PIDG) each have their own policy on investing in projects linked to fossil fuels. These policies are publicly available and closely aligned to the UK Government's own policy on ODA funded fossil fuel investments overseas, announced at the Climate Ambition Summit on 12 December 2020.