UK to use £1bn meant for green energy to support fracking in Argentina

By Anne workforce / October 23, 2019

Documents show government’s plans to prioritise loans in 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.

Continue reading…

Read more: theguardian.com

About the author

Anne workforce


>
Malcare WordPress Security