A small government agency is supporting fossil fuel projects abroad with estimated carbon emissions of a country the size of Portugal, it has emerged.
UK Export Finance (UKEF), a government agency in the Department for International Trade, is spending billions of pounds on the projects, Newsnight researchers have found.
UKEF does export finance and credit guarantees.
Agreed, it’s a silly thing for government to be doing. But it most certainly doesn’t spend billions doing it. Total turnover might well be billions but not spending….