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Private Infrastructure Development Group: Fossil Fuels

Department for International Development written question – answered on 17th February 2020.

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Photo of Tulip Siddiq Tulip Siddiq Labour, Hampstead and Kilburn

To ask the Secretary of State for International Development, when his Department last made an assessment of the environmental effect of fossil fuel projects financed by his Department through the Private Infrastructure Development Group.

Photo of James Duddridge James Duddridge Parliamentary Under-Secretary (Foreign and Commonwealth Office) (Joint with the Department for International Development)

The Private Infrastructure Development Group (PIDG) prioritises investments in renewables wherever possible. PIDG does not have any active fossil fuel extraction projects, and PIDG’s strategy rules out any investments in coal.

PIDG conducts an Environmental and Social Impact Assessment on all projects before approving any investment. Each investment must comply with PIDG’s Environment, Social, Health and Safety standards, which are based on the internationally recognised International Finance Corporation Environment and Social Performance Standards. This includes minimum requirements in areas such as use of natural resources, biodiversity, labour standards and land resettlement.

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