UK Offered £760m of Support to Overseas Fossil Fuel Projects Last Year

Source: Desmog UK


Read time: 3 mins

The UK has provided up to £760 million worth of financial support for “climate-wrecking” fossil fuel projects around the world in the past year, compared with six schemes related to renewable energy, according to analysis by the campaign group Global Witness.

Data published by the government’s export credit agency at the end of June show the Department for International Trade, under which the agency is housed, helped to finance a total of 51 oil and gas projects.