Oil Change International: South Korea and Turkey Block Landmark OECD Deal to End Fossil Fuel Subsidies
December 21, 2024
December 21, 2024
WASHINGTON, Dec. 21 -- Oil Change International issued the following news release:
OECD members have failed to pass a landmark deal to end over $40 billion in public subsidies to fossil fuels. Despite last-ditch attempts by senior government and international figures to sway South Korea and Turkey - the only countries blocking the deal - negotiators could not agree on a proposal to restrict export finance to fossil fuels. They will instead focus on a range of measures to improve tra . . .
OECD members have failed to pass a landmark deal to end over $40 billion in public subsidies to fossil fuels. Despite last-ditch attempts by senior government and international figures to sway South Korea and Turkey - the only countries blocking the deal - negotiators could not agree on a proposal to restrict export finance to fossil fuels. They will instead focus on a range of measures to improve tra . . .