U.S., Canada among 20 countries to commit to stop financing fossil fuels abroad
Published by
Reuters
Reuters
By Kate Abnett and Simon Jessop GLASGOW (Reuters) – The United States, Canada and 18 other countries committed at the COP26 climate summit on Thursday to stop public financing for fossil fuel projects abroad by the end of next year, and steer their spending into clean energy instead. Campaigners called the commitment a “historic” step in turning off the funding taps for fossil fuel projects. But it did not include major Asian countries responsible for the bulk of such financing abroad. By covering all fossil fuels, including oil and gas, the deal goes further than a pledge made by G20 countrie…