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Written question asked by Lord Taylor of Warwick (Non-affiliated) on Tuesday, 18 July 2023, in the House of Lords. It was due for an answer on Tuesday, 1 August 2023. It was answered by Lord Callanan (Conservative) on Wednesday, 26 July 2023 on behalf of the Department for Energy Security and Net Zero.


Fossil Fuels: Investment

Question

To ask His Majesty's Government what steps they are taking to encourage investors to support (1) climate resolutions, and (2) sustainable investment practices, particularly in sectors heavily reliant on fossil fuels.

Answer

The 2023 Green Finance Strategy set out several actions the Government is taking to support sustainable investment practices. These include a commitment to consult on a UK Green Taxonomy later this year; setting out next steps for transition planning disclosure requirements for the largest UK companies; and providing further detail on the Government's response to using International Sustainability Standards in the UK.


Secondary information

Type
Written question
Reference
HL9469
Session
2022-23
Subjects
Environment protection Investment Fossil fuels
Link
View this Written question on www.parliament.uk