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The Prosperity Fund’s energy related initiatives do not directly finance oil and gas exploration or production. They aim to help create policy and business environments that strengthen energy markets and encourage investment, in turn improving energy security and enabling faster transition to cleaner energy and greater energy efficiency.
In 2018, the Prosperity Fund spend approximately £360,000 ODA and £246,000 non-ODA on projects relevant to the oil and gas sector. For comparison, the total Prosperity Fund planned spend for financial year 2018/19 is around £120m ODA and around £10m non-ODA