UK funding overseas fossil fuel projects emitting millions of tonnes of emissions, investigation finds

(The Independent, 24 Jan 2020) Government has pumped £6bn into oil and gas projects around world over last decade.

The government is pumping billions of pounds into overseas fossil fuel projects that could emit up to 69 million tonnes of greenhouses gases every year, an investigation has found.

Earlier this week, the prime minister announced an immediate end to the use of UK taxpayers’ money to support coal mining and coal-fuelled power stations in developing countries in a bid to limit climate change and protect biodiversity.

However environmentalists called on Boris Johnson to also put an end to UK funding of overseas gas and oil energy projects – something he said the country would continue to support.

An investigation has revealed that UK Export Finance (UKEF), a small government agency in the Department for International Trade, has helped finance oil and gas projects that could emit up to 69 million tonnes of carbon every year.

This figure – which is said to be a “worst case scenario” – is equivalent to the amount emitted by a country the size of Portugal.

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The Independent, 24 Jan 2020: UK funding overseas fossil fuel projects emitting millions of tonnes of emissions, investigation finds