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19 Jan 2025

Canada-led proposal to end international fossil fuel financing dies with incoming Trump administration

Author: admintech | Filed under: Finance/ Money
Liquefied natural gas (LNG) carriers under construction at the Daewoo Shipbuilding and Marine Engineering facility in South Korea in 2018. Korea is the second largest fossil financier, due in part to its large shipbuilding industry that transports LNG around the world.

A deal on ending public financing for foreign fossil fuel projects — which Canada co-led on the world stage — has died in the face of key holdout countries and the incoming administration of U.S. president-elect Donald Trump.

This entry was posted on Sunday, January 19th, 2025 at 7:12 am and is filed under Finance/ Money. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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