Report: Despite 2021 Funding Cuts, International Public Finance for Fossils Could Rebound If Gas Is Excluded from US Climate Policy
November 02, 2022
November 02, 2022
WASHINGTON, Nov. 2 (TNSrpt) -- Friends of the Earth issued the following news release on Nov. 1, 2022:
New research released today by Oil Change International and Friends of the Earth U.S. reveals that in 2021, G20 countries and major multilateral development banks financed USD 33 billion for oil, gas, and coal projects, about half of their 65 billion average for 2018-2020. This preferential, government-backed fossil fuel financing still continues to outweigh support for renewable e . . .
New research released today by Oil Change International and Friends of the Earth U.S. reveals that in 2021, G20 countries and major multilateral development banks financed USD 33 billion for oil, gas, and coal projects, about half of their 65 billion average for 2018-2020. This preferential, government-backed fossil fuel financing still continues to outweigh support for renewable e . . .