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"Canada-led proposal to end international fossil fuel financing dies with incoming Trump administration
Deal would have phased out certain fossil fuel subsidies and diverted public money to clean energy instead
January 19, 2025
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.
Canada, along with the U.K and European Union, proposed in 2023 to end financing through export credit agencies — government agencies that support foreign trade — for oil and gas projects abroad and divert the money to clean energy instead." CBC.ca I guess Donald Trump, is going to have his way.
"Drill baby drill" Not good for the environment, or clean energy companies potentially. Sad, but unfortunately true.
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