Simon Roach and Richard Collett-White

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UK Government Agency's Annual Support for Overseas Fossil Fuel Projects Rises to £2bn

Read time: 3 mins

Official figures reveal the UK gave over £2 billion of support to fossil fuel projects abroad in the past year through the government’s export credit agency, just weeks after the practice was condemned by MPs.

UK Export Finance’s (UKEF) latest annual report, published two months after parliament declared a “climate emergency”, shows an 11-fold increase in support for fossil fuel projects compared with the previous year, when £175 million was provided.