Saturday, 13 June 2020

UK considers ending financial support for fossil fuels overseas

UK considers ending financial support for fossil fuels overseas

The UK government is considering steps to end its ongoing financial support for fossil fuels overseas after using £3.5bn of public funds to support polluting projects since signing the Paris climate agreement. Senior civil servants are understood to be planning a new climate strategy that would phase out financial support for oil and gas infrastructure in developing countries ahead of the UN’s Cop26 international climate talks next year.

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