Asked by: Clive Lewis (Labour - Norwich South)
Question to the Department for International Trade:
To ask the Secretary of State for International Trade, with reference to the loan guarantee support from UK Export Finance for EasyJet and British Airways, if she will publish all relevant analysis carried out by UKEF in accordance with its compliance with the Equator Principles including (a) UKEF’s assessment of the climate risks posed by EasyJet and British Airways and their categorisation of each company or project and (b) the alternatives analysis to evaluate lower greenhouse gas intensive alternatives which the Equator Principles require.
Answered by Graham Stuart
UK Export Finance’s (UKEF) Export Development Guarantee Scheme allows for the provision of general working capital support to UK exporters. The support does not relate to the construction of any individual project and therefore falls outside of the scope of the Equator Principles.
Asked by: Clive Lewis (Labour - Norwich South)
Question to the Department for International Trade:
To ask the Secretary of State for International Trade, when the UK Export Finance Environmental, Social and Human Rights team assessed the Mozambique LNG Category A project.
Answered by Graham Stuart
The Mozambique LNG Project is still under consideration, and we cannot comment on potential transactions for reasons of commercial confidentiality.
The Government has already published a Category A notice which includes a link to an Environmental, Social and Health Impact Assessment (ESHR) of the Mozambique LNG project and related information.
Asked by: Clive Lewis (Labour - Norwich South)
Question to the Department for International Trade:
To ask the Secretary of State for International Trade, what assessment UK Export Finance has made of the potential risks posed by (a) Islamic insurgency (b) demand for gas to (i) the Mozambique LNG Project and (ii) human rights in that region; and whether the Government will continue with that project.
Answered by Graham Stuart
The Mozambique LNG Project is still under consideration, and we cannot comment on potential transactions for reasons of commercial confidentiality.
The Government has already published a Category A notice which includes a link to an Environmental, Social and Health Impact Assessment (ESHR) of the Mozambique LNG project and related information.
Asked by: Clive Lewis (Labour - Norwich South)
Question to the Department for International Trade:
To ask the Secretary of State for International Trade, what assessment has UK Export Finance has made of the effect of the covid-19 pandemic on (a) international gas markets on (b) the Mozambique LNG Project.
Answered by Graham Stuart
The Mozambique LNG Project is still under consideration, and we cannot comment on potential transactions for reasons of commercial confidentiality.
Any assessments that UK Export Finance (UKEF) makes of international gas markets are made in connection with projects it is considering.
Asked by: Clive Lewis (Labour - Norwich South)
Question to the Department for International Trade:
To ask the Secretary of State for International Trade, what assessment has UK Export Finance made of the (a) financial, (b) environmental, (c) social and (d) governance risks in relation to investment in the Mozambique LNG Project in 2020.
Answered by Graham Stuart
The Mozambique LNG Project is still under consideration, and we cannot comment on potential transactions for reasons of commercial confidentiality.
UK Export Finance (UKEF) carries out due diligence on all relevant aspects of a project before coming to a decision on whether to provide support.
The Government has already published a Category A notice which includes a link to an Environmental, Social and Health Impact Assessment of the Mozambique LNG project and related information. The Category A notice is available here:
UKEF has a specialist Environmental, Social and Human Rights (ESHR) team that reviews relevant projects prior to UKEF taking a decision on support.
Asked by: Clive Lewis (Labour - Norwich South)
Question to the Department for International Trade:
To ask the Secretary of State for International Trade, what assessment UK Export Finance has made of the level of (a) CO2 and (b) methane emissions in relation to the (i) transporting of gas, (ii) burning of gas and (c) other activities of the Mozambique LNG Project; and what assessment UK Export Finance has made of the effect of those emissions on the environment in that country.
Answered by Graham Stuart
The Mozambique LNG Project is still under consideration, and we cannot comment on potential transactions for reasons of commercial confidentiality.
UK Export Finance (UKEF) carries out due diligence on all relevant aspects of a project before coming to a decision on whether to provide support.
The Government has already published a Category A notice which includes a link to an Environmental, Social and Health Impact Assessment of the Mozambique LNG project and related information. The Category A notice is available here:
UKEF has a specialist Environmental, Social and Human Rights (ESHR) team that reviews relevant projects prior to UKEF taking a decision on support.
Asked by: Clive Lewis (Labour - Norwich South)
Question to the Department for International Trade:
To ask the Secretary of State for International Trade, what steps she is taking to ensure that UK Export Finance support for the Mozambique LNG Project does not further exacerbate the Islamic insurgency in the Cabo Delgado region of Mozambique.
Answered by Graham Stuart
The Mozambique LNG Project is still under consideration, and we cannot comment on potential transactions for reasons of commercial confidentiality.
UK Export Finance (UKEF) carries out due diligence on all relevant aspects of a project before coming to a decision on whether to provide support.
The Government has already published a Category A notice which includes a link to an Environmental, Social and Health Impact Assessment of the Mozambique LNG project and related information. The Category A notice is available here:
UKEF has a specialist Environmental, Social and Human Rights (ESHR) team that reviews relevant projects prior to UKEF taking a decision on support.
Asked by: Clive Lewis (Labour - Norwich South)
Question to the Department for International Trade:
To ask the Secretary of State for International Trade, whether UK Export Finance plans to be part of the US investment in the Category A Mozambique LNG project in June 2020.
Answered by Graham Stuart
The Mozambique LNG Project is still under consideration, and we cannot comment about potential transactions for reasons of commercial confidentiality.
UK Export Finance support to any project is tied to eligible UK supplies and would always be completely separate from any support through other nations’ export credit agencies.
Asked by: Clive Lewis (Labour - Norwich South)
Question to the Department for International Trade:
To ask the Secretary of State for International Trade, with reference to the UK’s international commitments to the Paris Agreement, if he will confirm that UK Export Finance will not be used to support a deal to explore for oil and gas in Libya.
Answered by Graham Stuart
UK Export Finance suspended cover for all new export transactions in Libya in 2015. The country currently remains off cover in line with the stance of other major export credit agencies.