The U.S. will reportedly support a French plan to get the countries of the world to ban private financing of coal-fired power plants during the upcoming UN conference, known as COP28, according to Reuters. The plan is likely to drive a rift between countries like the U.S. and France and those like China and India, which are reliant on coal to feed their economies cheap and reliable electricity.
The proposed plan would allow the Organization for Economic Co-operation and Development (OECD) to set coal standards for private financing companies that would allow regulators, ratings agencies and non-governmental organizations to track coal financing, according to Reuters.Sen. Barrasso: At Climate Conference Biden ‘Pledged Allegiance To The Flag Of The United Nations’ Not The United States
— Daily Caller (@DailyCaller) November 7, 2021
https://t.co/yG5sgC1CYL
