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Global Witness accuses UK of 'rank hypocrisy' on fossil fuel projects

Campaign group says UK’s export credit agency broke OECD’s rules with £2m of fossil fuel financing

The UK government’s export credit agency has fallen foul of OECD guidelines by offering multibillion-pound support to fossil fuel projects overseas despite global efforts to tackle the climate crisis, according to a campaign group.

Global Witness has accused the UK of “rank hypocrisy” in a complaint to the Organisation for Economic Cooperation and Development (OECD), a Paris-based thinktank that issues guidelines and recommendations for developed economies. The complaint also calls on the government to axe all overseas financial support for fossil fuels.

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from The Guardian https://ift.tt/38Xtshs

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