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Overseas Investment: Fossil Fuels

Question for Foreign, Commonwealth and Development Office

UIN HL13374, tabled on 22 February 2021

To ask Her Majesty's Government what estimate they have made of the total value of (1) investments, (2) export credit guarantees, (3) loans, and (4) loan guarantees, granted (a) under Official Development Assistance, and (b) by UK Export Finance, to overseas fossil fuels projects or companies which are currently active.

Answered on

10 March 2021

Data on the UK's Official Development Assistance (ODA) support to CDC and Private Infrastructure Development Group (PIDG) provide the current best estimate of the total value of investments, loans, and loan guarantees, to overseas fossil fuels projects or companies.

CDC has published its complete portfolio of energy investments as held at 31 December 2019 on its website, which includes the start date of each investment and the total amount committed. The value of PIDG commitments to energy projects (disaggregated by renewables and non-renewables) is published in the 2019 PIDG Annual Review available on the PIDG website.Project level data on all PIDG investment commitments are also available online via its Results Monitoring Database and its annual reports.

Due to the disproportionate cost of compiling the requested data, it is not possible to provide an estimate of the total value of support provided to overseas fossil fuels projects or companies by UK Export Finance investments.