Oil and Gas Exploration: Subsidies

Part of Energy Security and Net Zero – in the House of Commons on 23 May 2023.

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Photo of Graham Stuart Graham Stuart Minister of State (Department for Energy Security and Net Zero)

The Government do not subsidise fossil fuels exploration, and support international efforts to eradicate inefficient fossil fuel subsidies and deliver net zero objectives. In addition, since 2021 no Government support has been provided to the sector overseas, including from UK Export Finance.