'Morally Bankrupt' G7 Slammed for 'Caving' to Fossil Fuel Lobby on Climate

"People in poverty around the world will pay the highest price for this backtrack by some of the wealthiest countries," one activist warned of the group's new statement on gas investments."The G7 countries have once again proved that they are morally bankrupt and have no real intention to solve the climate crisis and take responsibility for this crisis caused by their disproportionate use and relentless support for fossil fuels.

The G7 is a forum of Germany, Canada, France, Italy, Japan, the United Kingdom, and the United States of America, plus the European Union. Germany currently holds the presidency, which will shift to Japan next year. "In these exceptional circumstances, publicly supported investment in the gas sector can be appropriate as a temporary response, subject to clearly defined national circumstances, and if implemented in a manner consistent with our climate objectives and without creating lock-in effects, for example by ensuring that projects are integrated into national strategies for the development of low-carbon and renewable hydrogen," the statement adds.

"Today the G7 under the leadership of Chancellor Scholz has prioritized filling the pockets of the fossil gas industry over protecting peoples' lives," she asserted, adding that the weakened pledge"cannot be allowed to turn into a huge missed opportunity to shift $33 billion a year to real solutions.

"The G7 countries are failing as true climate leaders by abandoning their Glasgow commitments and holding up LNG as an energy response," DeAngelis said, referencing thefrom the 2021 U.N. summit."The United States is the largest historical contributor to the global climate crisis, yet the administration is encouraging the build-out of fossil fuel infrastructure both domestically and internationally.

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