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Fossil Fuels: Overseas Investment

Question for Foreign, Commonwealth and Development Office

UIN HL13294, tabled on 11 February 2021

To ask Her Majesty's Government what plans they have to extend any policy on banning overseas fossil fuel investment to investments made by the CDC Group, including those by third party financial institutions.

Answered on

25 February 2021

The Prime Minister announced at the Climate Ambition Summit on 12 December 2020 that the Government will no longer provide any new direct financial or promotional support for the fossil fuel energy sector overseas, with very limited exemptions. The policies of CDC are well aligned to the delivery of the Government's policy to end fossil fuel investment overseas.