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2019/07/29

£7.8bn of UK foreign aid and export credit spent on fossil fuel projects

 (Guardian, London, 23 July 2019) The British government has spent £680m of its foreign aid budget on fossil fuel projects since 2010, according to analysis that highlights the UK’s failure to align diplomatic, trade and aid policies with the goals of the Paris climate agreement. Britain...

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Country: United Kingdom ECAs: UK Export Finance (UKEF) Issue: Climate Change, End Coal Financing, Oil, Gas and Mining

2019/06/30

MPs make unprecedented call for end to UKEF overseas fossil fuel support

(EU Today, London, 9 June 2019) For the first time, a Parliamentary committee has called for an end to taxpayer support for overseas fossil fuel projects. The Government must move immediately to end UKEF’s fossil fuel support, or all its talk of a ‘climate emergency’ will be seen as hollow...

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Country: United Kingdom ECAs: UK Export Finance (UKEF) Issue: Climate Change, End Coal Financing, Oil, Gas and Mining Member: Global Witness

2019/02/27

Ban Ki-moon says UKEF must stop investing in fossil fuels in developing countries

(Guardian, London, 24 February 2019) Former UN Secretary General Ban Ki-moon has urged Britain to stop funding fossil fuel projects overseas, in what he said would mark a test of Theresa May’s commitment to act on climate change. The former UN secretary general said he was deeply concerned that...

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Country: United Kingdom ECAs: UK Export Finance (UKEF) Issue: Climate Change, End Coal Financing

2017/08/30

UK undermining climate targets with export credit for fossil fuel projects abroad

(The Actuary, London, 23 August 2017) Some 99.4% of the energy support given to foreign countries between 2010 and 2014 by the government department UK Export finance (UKEF) went towards fossil fuel projects, according to new research. This is done through helping UK firms invest overseas by...

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Country: United Kingdom ECAs: UK Export Finance (UKEF) Issue: Climate Change, End Coal Financing, Oil, Gas and Mining