The UK Ends Support For Overseas Oil & Gas Projects ...Middle East

OILPRICE - Economy
The UK Ends Support For Overseas Oil & Gas Projects
source : OILPRICE ( Middle East ) () 31
The United Kingdom will end direct government support to oil, gas, and coal project overseas as soon as possible, as part of the country’s ambition to support the energy transition, UK Prime Minister Boris Johnson said over the weekend. Ending taxpayer support for overseas fossil fuel projects is a major shift in policy, considering that the UK government has supported US$28 billion (£21 billion) worth of UK oil and gas exports through trade promotion and export finance over the past four years alone.    The decision to end…

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