2 October 2019: The UK Export Finance (UKEF), a government body that underwrites loans and insurance to help British firms secure business abroad, had spent £2.6bn in the last five years supporting global energy exports; of this amount, £2.5bn went to fossil fuel projects.
The Environmental Audit Committee, a cross-party group of MPs, recommended a phase out of government investment in oil and gas sectors abroad by 2021. The recommendation was rejected by the international trade secretary, Liz Truss, who characterized the move as “too abrupt”.
Read the full article from the Independent here.
