Energy

UN chief slams new fossil fuel funding

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In remarks delivered to the Austrian World Summit in Vienna via video, Antonio Guterres issued a sobering assessment of the planet’s prospects. “Most national climate pledges are simply not good enough,” he said.

Michael M. Santiago | Getty Images News | Getty Images

The U.N. Secretary General has slammed new funding for fossil fuel exploration, describing it as “delusional” and calling for an abandonment of fossil fuel finance.

In remarks delivered via video to the Austrian World Summit in Vienna, Antonio Guterres issued a sobering assessment of the planet’s prospects.

“The energy crisis exacerbated by the war in Ukraine has seen a perilous doubling down on fossil fuels by the major…



Source cnbc.com

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