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Italy to End Overseas Fossil Fuel Funding in Late U-Turn

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Italy has signed on to a deal at the COP26 climate summit to end overseas financing for fossil fuels, according to U.K. Energy and Climate Change Minister Greg Hands, reversing its position ahead of a planned announcement.

Italy told the U.K., its co-host at the talks, on Wednesday night they were not signing the pledge, according to two people familiar with the matter. “Italy has signed the deal by the set deadline, and negotiators have been working to meet it,” a spokeswoman for Italy’s ecological transition minister, Roberto Cingolani, said on Thursday.