The UK government has spent almost £4 billion funding fossil fuel infrastructure around the world since the Paris Agreement in 2015.
It’s an embarrassment ahead of the UK hosting the COP26 climate talks in Glasgow next year.
CDC Group, the UK’s development bank, has invested over half a billion pounds of aid money in fossil fuels in the past decade. UK Export Finance has also given billions of pounds of support to fossil fuel exports in recent years.
Investments like these will lock in high carbon emissions in the global south for generations to come. Although CDC now says it will stop financing fossil fuels, its new policy is full of loopholes.
Ahead of COP26, the government must show genuine leadership and solidarity with frontline communities by ending all UK support for fossil fuels and stepping up climate finance to fund a just transition to renewable energy.
Please tell the Prime Minister to stop ALL funding for fossil fuels overseas now.