Germany, Italy Voice Support For More Fossil Fuel Investments Abroad ...Middle East

Economy by : (OILPRICE) -
In a marked departure from the official G7 position on new fossil fuel investments in third countries, Germany and Italy have voiced support for a reconsideration of this position. Bloomberg first reported last weekend that Germany had suggested G7 countries lift their self-imposed ban on investments in fossil fuels in non-G7 countries at the meeting of the seven countries that began in Germany on Sunday. A draft of the proposal cited by Bloomberg said that G7 had to "acknowledge that publicly supported investment in the gas sector is necessary…

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