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Key countries pledge to divest from fossil fuels finance overseas

news release

Countries committed today at the global climate summit in Glasgow to take billions of dollars out of fossil fuel projects by the end of 2022.  
 
Miriam Turner, co-executive director at Friends of the Earth, said: 
  
“This is a welcome commitment which will shift $8 billion of public finance away from damaging and dirty fossil fuels. This money should be used to invest in renewable energy, and crucially, to assist countries who have done the least to cause the crisis to move towards jobs with a future. 
  
“There are key countries missing though and they are swimming against scientific consensus, which resolutely rules out new coal, oil, or gas. There is no future in fossil fuels, and all of our futures are at risk if we keep burning them.  

“As host of the COP26 conference, the UK clearly needs to end a damaging gas project it is currently supporting in Mozambique, and set a further example by phasing out domestic coal, oil and gas.”
 
ENDS 
For more information and interview requests contact the Friends of the Earth press office on 020 7566 1649 or email media@foe.co.uk 

1. About Friends of the Earth: Friends of the Earth is an international community dedicated to the protection of the natural world and the wellbeing of everyone in it. We bring together more than two million people in 75 countries, combining people power all over the world to transform local actions into global impact. For more information visit: https://friendsoftheearth.uk/ follow us at @friends_earth, or like our Facebook page 

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