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The Guardian - UK
The Guardian - UK
Environment
Fiona Harvey Environment editor

World’s biggest economies pumping billions into fossil fuels in poor nations

G7 G20 Japan OCI Canada JBIC Oil
People take part in a protest against the plan by Dutch oil company, Shell, to conduct underwater seismic surveys along South Africa in 2021
People take part in a protest against the plan by Dutch oil company Shell to conduct underwater seismic surveys along South Africa in 2021. Photograph: Rodger Bosch/AFP/Getty Images

The world’s biggest economies have continued to finance the expansion of fossil fuels in poor countries to the tune of billions of dollars, despite their commitments on the climate.

The G20 group of developed and developing economies, and the multilateral development banks they fund, put $142bn (£112bn) into fossil fuel developments overseas from 2020 to 2022, according to estimates compiled by the campaigning groups Oil Change International (OCI) and Friends of the Earth US.

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