EU nation calls for U-turn on fossil fuels – media ...News

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EU nation calls for U-turn on fossil fuels – media
source : Russia Today ( News ) () 23
Germany wants G7 nations to backtrack on plan to stop financing overseas fossil fuel projects Germany is seeking to convince other G7 nations to abandon a commitment to end direct international financing of overseas fossil fuel projects by the end of this year, Bloomberg reported on Saturday, citing people familiar with the matter. Berlin is asking Group of Seven members to “acknowledge that publicly supported investment in the gas sector is necessary as a temporary response to the current energy crisis,” according to a draft text shared with the agency. The proposal reportedly remains under discussion and could b

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