Boris Johnson poised to stop UK funding overseas fossil fuel projects
by Jillian Ambrose from World news | The Guardian on (#56TQW)
New policy will rule out future loans and guarantees made through UK Export Finance
Boris Johnson is poised to sign off new rules barring the UK government's chief foreign lender from offering financial support to foreign fossil fuel projects.
The new policy, which could come as soon as this week, will rule out future loans and financial guarantees for polluting projects overseas through the UK's export credit agency, UK Export Finance, just weeks after it agreed to a 1bn financial package to support work on a gas project in Mozambique.
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