Energy & Science
U.K. Is First in G-20 to End All Overseas Oil and Gas Funding
- Boris Johnson to make pledge at United Nations summit Saturday
- U.K. supported $28 billion oil and gas exports since 2016
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The U.K. will become the first major industrialized nation to end all public finance for fossil fuel projects overseas, in an effort to mark itself out as a leader in tackling climate change.
Prime Minister Boris Johnson will make the announcement at a virtual United Nations summit on Saturday, which he’s co-hosting with France, Italy and Chile. More than 70 world leaders are due to attend the event, alongside Pope Francis and Apple Inc. Chief Executive Tim Cook, who will each pledge to step up ambitions to curb emissions.