US pledges to be a climate finance leader but defends gas expansion

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John Podesta, Biden’s top climate official, calls for other big economies to step in to help poorer states

An oil lease in Texas, in 2022. The US has defended the huge expansion of oil and gas production that has come in spite of its climate targets.An oil lease in Texas, in 2022. The US has defended the huge expansion of oil and gas production that has come in spite of its climate targets.The US will “continue to be a leader” in climate finance, the White House’s top climate official has promised, though without specifying how much it would provide to poor countries.

He pointed to the chasm on the issue between Biden and Donald Trump, his challenger for president this November, who is expected to rein back on US climate commitments if elected.“Obviously, there’s a difference of views reflected in the two principal candidates running for president,” said Podesta, who took over as chief adviser on the climate after.

Podesta defended the huge US expansion of oil and gas production, which has come in spite of its climate targets, and the recent US decision to, the number one exporter of natural gas, and that’s a good thing, because following the illegal invasion of Ukraine, and the need that Europe had to rely on different sources rather than Russia fossils, it was important that the US could step up and supply a good deal of that need,” he said.

 

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