Wealthy nations fail to agree curbs on fossil fuel finance

Paris (AFP) Jan 14, 2025

Wealthy nations have failed to reach an agreement on curbing public finance for fossil fuel projects, the OECD said on Tuesday, days before climate-sceptic US President-elect Donald Trump takes office. Britain, Canada and the European Union supported plans to restrict support from export credit agencies to the oil and gas industry, but it was opposed by the United States. "Despite many m