Apr. 25 2024
Source Page: Regulatory Horizons Council: the Future Regulation of Space TechnologiesFound: high altitude : cleaner space launch es are a key aim and much development in sustainable aviation fuels
Found: • Part 5 would enable provision of investigative assistance to overseas regulators.
Found: • Part 5 would enable provision of investigative assistance to overseas regulators.
Mentions:
1: Baroness Janke (LD - Life peer) Amendment 26, is the implication for charitable organisations delivering public functions in terms of overseas - Speech Link
2: Baroness Neville-Rolfe (Con - Life peer) For example, environmental campaigns, including ones against fossil fuels that are not country specific - Speech Link
3: Baroness Jones of Moulsecoomb (Green - Life peer) decisions about companies or products that are destroying the natural environment, including pollution overseas - Speech Link
Mentions:
1: Baroness Lister of Burtersett (Lab - Life peer) It will therefore not prevent public local authorities divesting from fossil fuels or other campaigns - Speech Link
2: Lord Collins of Highbury (Lab - Life peer) That is a critical area, as extraction of coal and other fossil fuels is often part of government strategy - Speech Link
3: None The Bill will not prevent public authorities divesting from fossil fuels on a non-country specific basis - Speech Link
Asked by: Dan Carden (Labour - Liverpool, Walton)
Question to the Foreign, Commonwealth & Development Office:
To ask the Minister of State, Foreign, Commonwealth and Development Office, pursuant to the Answer of 21 March 2024 to Question 19159 on Overseas Investment: Fossil Fuels, if he will publish a full energy portfolio for British International Investment setting out investments in (a) fossil fuels and (b) renewable energy in (i) 2021, (ii) 2022 and (iii) 2023.
Answered by Andrew Mitchell - Minister of State (Foreign, Commonwealth and Development Office) (Minister for Development)
BII already discloses the percentage of assets in its portfolio that can be considered climate finance and 'carbon-related' (i.e. in the fossil fuel value chain) as part of its annual Task Force on Climate related Financial Disclosures (TCFD) reporting in its Annual Accounts (published on BII's website), in line with TCFD recommendations.
The UK's Development White Paper set the ambition for BII to become the most transparent bilateral Development Finance Institution. Subsequently, BII has published a Transparency Roadmap. For its existing portfolio, the Roadmap commits BII to state whether an investment is fossil fuel or renewable energy power generation. This will be available on its public investment database by the end of the year.
Asked by: Dan Carden (Labour - Liverpool, Walton)
Question to the Foreign, Commonwealth & Development Office:
To ask the Minister of State, Foreign, Commonwealth and Development Office, pursuant to the Answer of 21 March 2024 to Question 19159 on Overseas Investment: Fossil Fuels, what his planned timescale is for ending support for the overseas fossil fuel sector.
Answered by Andrew Mitchell - Minister of State (Foreign, Commonwealth and Development Office) (Minister for Development)
The Government's policy on supporting overseas fossil fuel projects is set out at https://assets.publishing.service.gov.uk/media/65840f10fc07f300128d45e9/aligning-uk-international-support-for-the-clean-energy-transition.pdf. This policy has been in force since 31 March 2021.
All investment commitments made by BII since December 2020 meet the conditions set out in BII's Climate Change Strategy and the UK Government's fossil fuel policy. BII are committed to Paris alignment and to reaching net zero at a portfolio level by 2050. A quick sale of existing fossil fuel assets would simply offload the problem to other potentially less responsible investors and may not offer value for money for the British taxpayer.
Apr. 09 2024
Source Page: British International Investment (BII) longitudinal mobilisation study evaluation reports: renewable energy investments and BII-backed fundsFound: British International Investment (BII) longitudinal mobilisation study evaluation reports: renewable
Apr. 04 2024
Source Page: Category A project under consideration: Electrification Project, Uíge Province, AngolaFound: Sources : combustion of fossil fuels and electrical discharges to the atmosphere or microbial transformations
Apr. 04 2024
Source Page: First Minister and Net Zero Secretary attendance at Cop28 in the United Arab Emirates: FOI releaseFound: fuels and towards a zero -carbon economy.