Question to the Foreign, Commonwealth & Development Office:

To ask the Minister of State, Foreign, Commonwealth and Development Office, with reference to the press release entitled PM announces the UK will end support for fossil fuel sector overseas, published on 12 December 2020, how many fossil fuel-related investments British International Investment has divested away from since that date.

All investment commitments made by British International Investment (BII) since December 2020 meet the conditions set out in BII's Climate Change Strategy and the UK Government's fossil fuel policy. BII publishes detailed metrics on portfolio-level exposure to carbon-related assets in their publicly available Annual Accounts. This is in line with TCFD-recommended disclosures. The latest data can be found at: https://www.bii.co.uk/annual-review-2022/publication/contents/templates/British_International_Investment_Annual_Review_2022.pdf. BII will release an update to these figures in the 2023 Annual Accounts, to be published later this year.