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CDC: Fossil Fuels

Question for Foreign, Commonwealth and Development Office

UIN 33298, tabled on 14 July 2021

To ask the Secretary of State for Foreign, Commonwealth and Development Affairs, what steps CDC Group has taken to help ensure that its investments in financial institutions are not used to fund fossil fuel related projects.

Answered on

19 July 2021

In July 2020, CDC launched its new Climate Strategy. Subsequently, in December 2020, CDC launched its Fossil Fuel Policy and Gas Guidance Tool, which is fully aligned with the UK Government's fossil fuel policy.

CDC has published its approach including to Financial Institutions here: https://www.cdcgroup.com/en/news-insight/news/announcing-our-new-fossil-fuel-policy-and-guidance-on-natural-gas-power-plants/

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