The big G7 countries continue to pump a total of over USD 100 billion into the oil, gas and coal industry each year, concludes a new report by a group of researchers from a British think tank, anti-fossil energy organization in the US, a Canadian sustainability think tank as well as US environmental organization NRDC, reports Euractiv.
The report criticizes the G7 countries – the US, Germany, Italy, Japan, the UK, France and Canada – for continuing to support coal, oil and gas production instead of prioritizing greener wind and solar energy. The researchers also argue that the continued priority given to fossil energy is a hindrance to climate change mitigation.
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