The Conservatives and Lib Dems pledged to clamp down on funding or fossil fuel operations abroad, but like most of their pledges they are meaningless '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.' (Guardian, 6 January) These UK Export Finance (UKEF) deals fly in the face of the previous coalition-government-agreements. RD
The Glasgow & Edinburgh Branches Blog. Towards a better understanding of the world, in order to change it.
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Right now there are hundreds of campaigns globally for fossil fuel divestment as a strategy in the fight against climate change. Many are pr...
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