UK Government Supporting Overseas Fossil Fuel Projects at Risk of Becoming ‘Stranded’

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The UK government is supporting overseas fossil fuel projects that would become unprofitable if emissions were reduced in line with the Paris Agreement, according to analysis by thinktank Carbon Tracker. 

While the UK is phasing out domestic coal use, and aims to reduce carbon emissions to net-zero by 2050, the government still supports polluting projects overseas through its export credit agency, UK Export Finance (UKEF).