PARLIAMENTARY WRITTEN QUESTION
UK Export Finance: Fossil Fuels (21 February 2020)

To ask the Secretary of State for International Trade, what assessment she has made of the environmental impact of carbon emissions from UK Economy and Finance’s investment in oil and gas projects abroad.

Asked by:
James Murray (Labour)

I am unaware of any organisation called UK Economy and Finance.

UK Export Finance (UKEF) is committed to high standards of environmental, social and human rights (ESHR) risk management. It rigorously follows the requirements of the OECD Common Approaches and Equator Principles, which set the framework for export credit agencies and international financial institutions in managing such risks and impacts.

UKEF’s specialist ESHR risk management team reviews relevant projects prior to UKEF taking a decision on whether to support. ESHR monitoring takes place throughout the lifetime of UKEF’s support for such projects.

Answered by:
Graham Stuart (Conservative)
26 February 2020