Fossil Fuels: Export Credit Guarantees

(asked on 20th January 2020) - View Source

Question to the Department for International Trade:

To ask the Secretary of State for International Trade, what the value was of export credits awarded to projects relating to mining, transporting or generating electricity from (a) coal, (b) oil and (c) gas in each of the last five years.


Answered by
Conor Burns Portrait
Conor Burns
This question was answered on 23rd January 2020

UK Export Finance (UKEF) has provided the following amount of support for projects relating to mining, midstream activities (including transporting of oil and gas) and power plants, in respect of coal, oil and gas over the last five financial years (figures reflect UKEF’s maximum liability in each financial year).

Coal

Oil & Gas

2014/15

0

£128m

2015/16

0

£186m

2016/17

£23m

£172m

2017/18

0

£175m

2018/19

0

£878m

The figures for oil and gas have been combined as it is not always possible to separate these out for specific projects.

The main reason for the difference in figures between 2017/18 and 2018/19 is support for a single, high-value project in the region of £700m.

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