G7 countries to stop funding fossil fuel development overseas

In:

Metals and Mining, Oil & gas, Power

Region:

Middle East & Africa, Americas, Asia-Pacific, Europe

The world’s biggest economies are to stop funding any overseas fossil fuel development from the end of this year, in a move likely to choke off some of the investment in “carbon bombs” that are imperilling efforts to meet the world’s climate targets.The agreement could shift...

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