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<p>The share of support UK Export Finance (UKEF) provided for exports relating to
fossil fuels can be found in the table.</p><p> </p><table><tbody><tr><td><p><strong>FY</strong></p></td><td><p><strong>Share
of Maximum Liability which went to fossil fuel projects, %</strong></p></td></tr><tr><td><p>2010/11</p></td><td><p>12%</p></td></tr><tr><td><p>2011/12</p></td><td><p>1%</p></td></tr><tr><td><p>2012/13</p></td><td><p>5%</p></td></tr><tr><td><p>2013/14</p></td><td><p>17%</p></td></tr><tr><td><p>2014/15</p></td><td><p>17%</p></td></tr><tr><td><p>2015/16</p></td><td><p>33%</p></td></tr><tr><td><p>2016/17</p></td><td><p><del
class="ministerial">26%</del><ins class="ministerial">30%</ins></p></td></tr><tr><td><p>2017/18</p></td><td><p>7%</p></td></tr></tbody></table><p>
</p><p>UKEF publishes details of the support it provides in its Annual Report and
Accounts.</p><p> </p><p>UKEF’s mission is to ensure that no viable UK export fails
for lack of finance or insurance from the private sector. UKEF supports exports in
all sectors, including renewables. Its aim is only to provide support where there
is a lack of private finance and its provision of support is demand-led and often
counter-cyclical. The UK’s oil and gas sector is a significant contributor to the
economy, but has seen low investment in recent years due to volatility in oil prices
and the lack of financing needed to develop projects. UKEF has provided support for
projects in developing markets, helping to improve energy affordability and accessibility.</p>
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