UK government fails to keep green pledge

(PressTV, London, 29 October 2011) Despite the British government's promise to refrain from backing investment overseas in “dirty fossil-fuel energy production,” it has emerged that the British official export credit agency ECGD is using taxpayers' money to support a multi-billion pound project helping two coalmines in Siberia enhance their production. The ECGD has underwritten £6.2m of the loan to make sure a French bank will not incur any losses if the Russian firm fails to make timely repayments.