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G7 leaders debate fossil fuel investments amid energy crisis -sources

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Reuters UK

SCHLOSS ELMAU, Germany (Reuters) – Some of the leaders of the Group of Seven (G7) rich democracies are pushing for an acknowledgement of the need for new financing for fossil energies investments, two sources told Reuters on Sunday, as European states scramble to diversify supplies. Delegations at the annual G7 summit are debating whether such an acknowledgement can be made compliant with a commitment some countries made at the COP26 United Nations conference to halt financing for international fossil fuel projects by the end of 2022. “(It is) possible that there will be wording in the declara…

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