U S Agrees To End Fossil Fuel Financing Abroad
The United States committed today with other countries to stop financing fossil fuel projects abroad by the end of next year, in a seismic shift that could stem the construction of natural gas and oil facilities in lower-income nations. The pledge, announced at the global climate summit in Glasgow, Scotland, could take billions of dollars away from future fossil fuel production and redistribute it to low-carbon energy projects such as wind and solar....