Collapse of OECD Foreign Fossil Fuel Finance Plan

Reported 1 day ago

A plan among wealthy nations to restrict public financing for foreign oil and gas projects at the OECD has fallen apart, according to Bloomberg. The EU, UK, US, and others aimed to limit export-credit agency support for fossil fuel projects, but negotiations have stalled without an agreement. While discussions continue, the prospect of a broader deal to reduce hydrocarbon project funding appears unlikely.

Source: YAHOO

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