Where Does the G7 Stand on Oil and Gas?
Climate ministers from Canada, France, Germany, Italy, Japan, the United Kingdom, the United States, and the European Union met last week and released a communiqué stating new goals and commitments for addressing climate change. The agreement could shift up to $33 billion per year from fossil fuels to clean energy sources. This would involve a pledge to end taxpayer funding for new fossil fuel projects overseas. For a climate advocate, the document plays as good news. Yet there remains a hesitancy about direct reference to oil and gas, making some parts of the document unclear.
Host Ethan Brown shares his initial thoughts about the communiqué and poses some questions about oil and gas in this week’s “Tip of the Iceberg.”
For more information, see the companion “Tip of the Iceberg” essay here.