UK to use finance meant for green energy to support fracking in Argentina
by Jillian Ambrose from Environment | The Guardian on (#4SZTB)
Documents show government's plans to use money from 1bn 2017 deal to prioritise support of major oil companies
The UK is planning to invest in Argentina's controversial oil shale industry using a 1bn export finance deal intended to support green energy, according to government documents seen by the Guardian.
UK Export Finance, the government's foreign credit agency, promised in 2017 to offer loans totalling 1bn to help UK companies export their expertise in "infrastructure, green energy and healthcare" to invest in Argentina's economy.
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