G-7 leaders urged to boost climate finance to poorer nations

June 10, 2021

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A climate banner covers the side of an overpass on a road leading to the G-7 summit near St. Ives, Cornwall, England, Thursday, June 10, 2021. 

A climate banner covers the side of an overpass on a road leading to the G-7 summit near St. Ives, Cornwall, England, June 10, 2021. 

Credit:

Kirsty Wigglesworth/AP

Wealthy nations pledged 10 years ago to provide $100 billion a year for developing nations to mitigate climate change. The United Nations estimates that countries are $20 billion behind that goal and urged G-7 leaders to step up. Also, the controversial Keystone XL pipeline project in Canada has been canceled, but the oil industry is hugely important for the Canadian economy. And, it’s a good week for bitcoin as El Salvador became the first country to adopt the cryptocurrency as a legal tender.

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