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The Biden administration has ordered an immediate halt to new federal support for coal plants and other carbon-intensive projects overseas, a major policy shift designed to fight climate change and accelerate renewable energy worldwide.
The Biden administration says it will immediately end federal funding for most international fossil fuel projects as it tries to exert global leadership on
The directive bars US govt backing for future ventures, potentially affecting billions of dollars in annual funding.. Read more at straitstimes.com.
The US, UK, Canada, Italy, Switzerland and New Zealand, among others, were party to the agreement, which commits to "end new direct public support for the international unabated fossil fuel energy sector by the end of 2022.