Climate Activists Slam Biden For Breaking Gas Financing Promise ...Middle East

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Climate Activists Slam Biden For Breaking Gas Financing Promise
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A decision by the Biden administration to provide financial help to Poland for securing LNG supplies has prompted a loud reaction from climate activists. Per a Bloomberg report, Washington-owned International Development Finance Corp. promised it would give Poland’s PKN Orlen $500 million as a guarantee for payments due to the European arm of Goldman Sachs for hedging activities for future supply of U.S. liquefied natural gas. Yet the Biden administration has stated it would stop financing hydrocarbon projects outside of the United States,…

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