"The Biden administration says it will immediately end federal funding for most international fossil fuel projects as it tries to exert global leadership on climate change.
Speeding the transition to a carbon-neutral future has been a hallmark of the administration’s foreign policy work, and the White House will increasingly promote clean energy and financing that supports emissions reduction goals in other nations, a spokesperson for the State Department said.
The policy was transmitted in a cable to U.S. embassies and agencies and first reported by Bloomberg.
The move would completely exclude coal projects but could also impact future natural gas terminals in Eastern Europe and the Caribbean that would have received U.S. liquefied natural gas shipments."
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