Overseas Aid: Fossil Fuels

Foreign, Commonwealth and Development Office written question – answered at on 22 March 2021.

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Photo of Baroness Blackstone Baroness Blackstone Independent Labour

To ask Her Majesty's Government what estimate they have made of the total value of overseas aid invested in fossil fuels via (1) the CDC Group, and (2) the Private Infrastructure Development Group, including investments made through financial intermediaries, for the (a) 2015/16, (b) 2016/17, (c) 2017/18, (d) 2018/19, and (e) 2019/20, tax years.

Photo of Lord Goldsmith of Richmond Park Lord Goldsmith of Richmond Park The Minister of State, Department for Environment, Food and Rural Affairs, Minister of State (Foreign, Commonwealth and Development Office)

CDC has published its complete portfolio of energy investments as held at 31 December 2019 on its website, which includes the start date of each investment and the total amount committed.

The value of Private Infrastructure Development Group (PIDG) commitments to energy projects (disaggregated by renewables and non-renewables) is published in the 2019 PIDG Annual Review available on the PIDG website. Project level data on all PIDG investment commitments are also available online via its Results Monitoring Database and its annual reports.

Due to the disproportionate cost of compiling the requested data, it is not possible to provide an estimate of the total value of support provided to overseas fossil fuels projects or companies via the CDC Group and PIDG.

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