G7 leaders have been accused of “backsliding” on climate goals after they watered down pledges to halt fossil fuel investment because of fears over energy security.
Vladimir Putin’s war against Ukraine has forced Europe to reduce its reliance on gas from Russia and sparked fears of energy shortages this winter as Moscow squeezes supplies.
In its final communique from this week’s summit, the G7 said investment in liquefied natural gas was a “necessary response to the current crisis”. It added: “In these exceptional circumstances, publicly-supported investment in the gas sector can be appropriate as a temporary response.”
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