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1252699

registered interest
date	17/11/2020
answering body	Department for International Trade
answering dept id	202
answering dept short name	International Trade
answering dept sort name	International Trade
hansard heading	Fossil Fuels: Export Credit Guarantees
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for International Trade, whether she has plans to end UK Export Finance support for fossil fuel projects.
tabling member constituency	Liverpool, Walton
tabling member printed	Dan Carden
uin	116639
answer	answer is ministerial correction date of answer 23/11/2020 answer text <p>At the UK-Africa Investment Summit in January we announced an end to HMG support for thermal coal mining and coal power plant overseas, and we continue to keep our approach to other fossil fuel investments and financing overseas under review.</p><p> </p><p>UK Export Finance (UKEF) is obliged to consider all requests for its support to UK exports in all sectors. This includes the oil and gas sector, but also many other sectors such as renewables and green growth.</p><p> </p><p>UKEF is helping to drive UK content into overseas renewables and green growth projects across the globe and has been proactively developing the breadth of its support for these sectors. This is supported by £2 billion of direct lending for UKEF, which was announced in the Spring Budget, to support UK exports to these sectors.</p><p> </p><p>The support provided by UKEF to UK exporters takes the form of direct loans, guarantees and insurances for which premiums are charged and, for which, there is no net cost to the taxpayer.</p> answering member constituency Beverley and Holderness answering member printed Graham Stuart grouped question UIN 116641 question first answered 23/11/2020 11:42:44 answering member 1482 label Biography information for Graham Stuart
tabling member	4651 label Biography information for Dan Carden

1252700

registered interest
date	17/11/2020
answering body	Department for International Trade
answering dept id	202
answering dept short name	International Trade
answering dept sort name	International Trade
hansard heading	Fossil Fuels: Export Credit Guarantees
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for International Trade, whether her Department plans to announce an end to UK funding for fossil fuels overseas to include an end to UK Export Finance support for fossil fuels.
tabling member constituency	Liverpool, Walton
tabling member printed	Dan Carden
uin	116641
answer	answer is ministerial correction date of answer 23/11/2020 answer text <p>At the UK-Africa Investment Summit in January we announced an end to HMG support for thermal coal mining and coal power plant overseas, and we continue to keep our approach to other fossil fuel investments and financing overseas under review.</p><p> </p><p>UK Export Finance (UKEF) is obliged to consider all requests for its support to UK exports in all sectors. This includes the oil and gas sector, but also many other sectors such as renewables and green growth.</p><p> </p><p>UKEF is helping to drive UK content into overseas renewables and green growth projects across the globe and has been proactively developing the breadth of its support for these sectors. This is supported by £2 billion of direct lending for UKEF, which was announced in the Spring Budget, to support UK exports to these sectors.</p><p> </p><p>The support provided by UKEF to UK exporters takes the form of direct loans, guarantees and insurances for which premiums are charged and, for which, there is no net cost to the taxpayer.</p> answering member constituency Beverley and Holderness answering member printed Graham Stuart grouped question UIN 116639 question first answered 23/11/2020 11:42:44 answering member 1482 label Biography information for Graham Stuart
tabling member	4651 label Biography information for Dan Carden