US Cuts Funding for Fossil Fuel Projects in Developing Countries

US Cuts Funding for Fossil Fuel Projects in Developing Countries
The Java 7 power plant in Serang, Banten, Indonesia on Oct. 29, 2020. Ronald Siagian/AFP via Getty Images
Emel Akan
Updated:
News Analysis

WASHINGTON—Tackling climate change is “no longer business as usual” and requires significant defunding of the fossil fuel industry, according to the U.S. Treasury Department. To that end, the United States and other Group of Seven (G-7) countries have agreed to cut funding for fossil fuel energy projects both domestically and in developing countries.

Emel Akan
Emel Akan
Reporter
Emel Akan is a senior White House correspondent for The Epoch Times, where she covers the policies of the Trump administration. Previously, she reported on the Biden administration and the first term of President Trump. Before her journalism career, she worked in investment banking at JPMorgan. She holds an MBA from Georgetown University.
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