OECD Fails to Agree on Banning Foreign Fossil Fuel Finance Amid Trump Transition
2024-12-23
Bloomberg L.P. on MSN.com
In a significant setback for environmental efforts, wealthy nations have failed to reach an agreement on a plan to ban foreign fossil fuel finance, which would have impacted billions of dollars in public support for oil and gas projects. The collapse of talks comes just weeks before President-elect Donald Trump takes office, casting uncertainty over the future of climate change initiatives and sustainable energy policies. The move is likely to spark debate over fossil fuel investment and renewable energy solutions. Key stakeholders will be watching closely as the situation unfolds, with potential implications for global energy markets and climate action plans.
