Awaiting Biden EO, Environmentalists Seek Tougher Climate Finance Plan

As they await issuance of President Joe Biden’s executive order on climate finance, environmentalists are urging the administration to strengthen its efforts to block financing for international fossil fuel infrastructure and other measures, saying a plan unveiled during last week’s summit did not go far enough. While the administration’s climate finance plan, released April 22 during the Leaders Summit on Climate, sends a “clear signal the United States will move away from financing coal, oil and gas projects overseas ...