The UK government has provided fossil fuel companies with £6.9 billion in financial support since 2000, according to a joint investigation by Energydesk and Private Eye. The support came from UK Export Finance, the government agency that underwrites loans and insurance for risky export deals as part of efforts to boost international
REPORT: British Gov Subsidizing Controversial International Fossil Fuel Projects
Projects receiving government backing include a petrochemical refinery owned by Putin’s son-in-law; oil fields owned by Petrobras – Brazil’s state-owned oil company – which has been at the heart of the country’s massive corruption scandal; and coal mines in Russia.