UK Prepares Climate Spin As Its Foreign Aid Network Funds $750 Million In 3rd-World Fossil Energy
We are at the beginning of a year of climate spin by the British Government. This year, the UK will host the 26th UN Climate Change Conference (COP26) in Glasgow. While the Government claims to be a ‘climate leader’, we reveal how a little-known investment group funded by the UK taxpayer has committed over $750 million to fossil fuel projects in some of the world’s poorest countries.
The London-based Private Infrastructure Development Group (PIDG), which funds infrastructure for development in poor and fragile countries – has received over $1 billion in UK aid money, officially classified as Overseas Development Assistance (ODA), since 2002. It has also received ODA money from the governments of the Netherlands, Germany, Australia, Switzerland, and Sweden.
PIDG has used UK aid money to fund fossil fuel projects using some of the world’s dirtiest fuels, in some of the world’s poorest countries. This has recently included heavy fuel oil (HFO) power plants in West Africa. Heavy fuel oil is one of the world’s most polluting fuels, polluting the air and accelerating climate change.
PIDG has used its $750 million spend on fossil fuels to unlock even greater sums of private sector investment, meaning that PIDG has been a key enabler of many fossil fuel projects across the world. PIDG are also continuing to fund fossil gas power plants. The widespread claim that fossil gas is a ‘bridge fuel’ to a clean future has been debunked. If the world is to meet climate goals, we cannot build new gas infrastructure. […]
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https://desdemonadespair.net/2020/02/obscure-investment-fund-uses-uk-aid-money-to-finance-fossil-fuel-projects-a-farcical-situation-where-the-government-on-one-hand-spends-aid-money-to-mitigate-climate-change-and-on.html
