Britain spent 'twice as much on overseas fossil fuels as renewables'

clock • 2 min read

Nearly half of £6.1bn energy spending in developing countries from 2010-14 went on oil, coal and gas-fired schemes, data shows

The UK has spent more than twice as much overseas support on fossil fuels projects as on renewable ones so far this decade, according to research commissioned by the Catholic aid agency Cafod. The Overseas...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

More on Investment

Analysis: Oil and gas majors slashed low carbon spending by 65 per cent in 2025

Analysis: Oil and gas majors slashed low carbon spending by 65 per cent in 2025

Low carbon investment from seven leading oil and gas companies plummeted to lowest level since 2019 last year, according to Bloomberg New Energy Finance analysis

Michael Holder
clock 08 May 2026 • 4 min read
Meatly to build Europe's largest cultivated meat facility in London

Meatly to build Europe's largest cultivated meat facility in London

Pet food producer to locate 20,000-litre bioreactor facility in the UK after securing £10.4m in Series A funding

Stuart Stone
clock 07 May 2026 • 3 min read
NatWest AGM interrupted by climate protestors

NatWest AGM interrupted by climate protestors

Re-elected NatWest chair agrees to meet investors concerned at bank’s climate policy, after AGM hit by protests

Stuart Stone
clock 28 April 2026 • 4 min read