EU nation calls for U-turn on fossil fuels – media

https://www.rt.com/business/557813-germany-fossil-financing-energy-crisis/

Germany wants G7 nations to backtrack on plan to stop financing overseas fossil fuel projects

Germany is seeking to convince other G7 nations to abandon a commitment to end direct international financing of overseas fossil fuel projects by the end of this year, Bloomberg reported on Saturday, citing people familiar with the matter.

Berlin is asking Group of Seven members to “acknowledge that publicly supported investment in the gas sector is necessary as a temporary response to the current energy crisis,” according to a draft text shared with the agency.

The proposal reportedly remains under discussion and could be altered before Sunday, when the G7 summit kicks off in the Bavarian Alps, hosted by German Chancellor Olaf Scholz.
Britain opposes the proposal, sources said, while there were conflicting reports about whether the Italian authorities would support the plan.

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