Recommendation 74

We are concerned about the broad list of exemptions in the Government’s new fossil fuel policy as it raises questions about the UK’s credibility as a “force for good” and its commitment to net zero. We therefore urge the Government by 31 October 148 Foreign, Commonwealth & Development Office (Annex A) (CDC0052) 149 Foreign, Commonwealth & Development Office (Annex A) (CDC0052) 150 CDC Group, Climate Change Strategy, accessed 26 October 2021 151 CDC Group (CDC0053); 152 CDC Group (CDC0053); CDC Group, Annual Review 2020: Rising to the Challenge, p.22, 6 July 2021 153 CDC Group, Annual Review 2020: Rising to the Challenge, p.22, 6 July 2021 154 International Development Committee, Oral evidence: The Philosophy and Culture of Aid, Question 71, 9 March 2021 155 CDC Group, Our corporate governance, accessed 26 October 2021 156 International Development Committee, Oral evidence: The Philosophy and Culture of Aid, Question 71, 9 March 2021 157 International Development Committee, Oral evidence: The Philosophy and Culture of Aid, Question 72, 9 March 2021 158 Q95 [Dr Amal-Lee Amin] Global Britain in demand: UK climate action and international development around COP26 27 2022 to drastically scale up its investment in renewable energy abroad and to end all exemptions for direct and indirect investment in fossil fuel projects abroad through CDC and other channels apart from support for clean cooking methods for people living in poverty. The Government should also instruct CDC to publish a full list of its existing investments in coal, oil and gas and how they intend to divest from fossil fuels by 31 October 2022. Loss and damage