UK loaned £1.7bn to foreign fossil fuel projects despite pledge
06/01/15 15:33
Details the loans provided by the UK government to the oil industry…
Adam Vaughan writes:
“The UK government has provided well over a billion pounds in loans to fossil fuel projects around the world despite a pledge to withdraw financial support from such schemes, an analysis of loans made by the UK’s export credit agency has revealed.
Gazprom in Russia, Brazil’s state-owned oil company and petrochemical companies in Saudi Arabia are among the companies benefiting from around £1.7bn in government funding over the course of the parliament, Greenpeace found.”
Leave a Reply
You must be logged in to post a comment.