Prosperity Fund: Fossil Fuels

Cabinet Office written question – answered on 28th March 2019.

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Photo of Caroline Lucas Caroline Lucas Green, Brighton, Pavilion

To ask the Minister for the Cabinet Office, pursuant to the Answer of 21 March 2019 to Question 232546, if he will publish details of the projects relevant to the Oil and Gas Sector that have been supported by the Prosperity Fund.

Photo of David Lidington David Lidington Chancellor of the Duchy of Lancaster, Minister of State (Cabinet Office)

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 access; enabling faster transition to cleaner, low carbon, energy and greater energy efficiency.

Breakdown of Official Development Assistance spend is published quarterly as part of the Prosperity Fund’s Transparency commitments. This can be found at: https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/787922/prosperity-fund-oda-data.ods

Some of the activities required to deliver secondary benefits to business are not eligible for ODA funding, therefore the Fund includes a small component of non-aid funding (approximately 3% of the total Fund) to capitalise on opportunities generated through ODA funded initiatives in line with the UK Export Strategy. Non-Official Development Assistance projects relevant to the Oil and Gas Sector for 2018, can be broken down as follows:

Mexico

Mexico Oil and Gas Supply Chain Mapping

£67,955

Health, Safety and Environment Seminar

£10,000

UK Capabilities in Mexico’s Oil and gas sector

£9,000

China

UK-China commercial collaboration on unconventional Gas

£19,882

A visit by the UK Onshore Oil and Gas (UKOOG) to meet with key players in China to demonstrate UK’s expertise, leading commercial offer and advantages.

£7,000

India

Oil & Gas Technology and Services Market Research

£86,645

Brazil

PF 6th Edition UK Energy in Brazil Conference

£29,625.24

Oil and Gas market opportunities assessment

£28,655.83

For more information on the Prosperity Fund and its programmes please see: https://www.gov.uk/government/publications/cross-government-prosperity-fund-programme

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