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UK overseas aid still invested in fossil fuels – two years after climate pledge

Revealed: Records show the FCDO’s British International Investment fund has continued to back major polluters

UK overseas aid still invested in fossil fuels – two years after climate pledge
British International Investment has promised to fight climate change. | REUTERS / Alamy Stock Photo
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A fund set up using British overseas aid cash still holds at least 20 investments in fossil fuel companies, two years after it pledged to stop backing dirty energy.

Records analysed by openDemocracy reveal the investments by British International Investment (BII) – which is wholly owned by the UK’s Foreign, Commonwealth and Development Office – are worth tens of millions of pounds.