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  • Kerry, major companies in talks for fund to transition developing nations off fossil fuels

    11/07/2022 9:38:12 AM PST · by ChicagoConservative27 · 41 replies
    The Hill ^ | 11/07/2022 | ZACK BUDRYK
    U.S. climate envoy John Kerry is in talks with external partners to use funds from major companies to sponsor developing countries’ transition away from fossil fuels, a source confirmed to The Hill. A person familiar with the discussions said Kerry will announce further details at an event at the upcoming COP27 United Nations climate summit, emphasizing that the proposal is for a partnership rather than a specific initiative of the U.S. government. Initial reporting by The Financial Times, which the person familiar confirmed to The Hill is “overall” accurate, would involve an independent, to-be-determined accrediting organization to certify the credits....