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<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>
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