Some leaders of the richest democratic Group of Seven (G7) are demanding the approval of a new funding for the extraction of fossil fuels, two sources told Reuters on Sunday, as European countries try to supply a variety of goods. The conference discusses whether such an agreement can be made in line with other countries’ commitments made at the COP26 United Nations conference to stop funding international oil projects by the end of 2022.”(It may be) that there will be words in the proclamation that mining investment should take place over a period of time,” said the EU ambassador on the first day of the annual G7 summit, this year in Germany. Italian Prime Minister Mario Draghi, whose country also relies on Russian resources, said publicly on Sunday that there was a temporary need to invest in gas infrastructure “in developing countries and elsewhere.”
At a press conference on the G7 investment campaign in developing countries, Draghi said it should be possible to transform such infrastructure into hydrogen in the future an increase over the results in the industry of the dependent countries mainly in Moscow. The European Union relies on Russia to supply 40% of its pre-war gas needs – 55% of Germany. and discussions are ongoing as to whether it was included in the final statement of the meeting. A German government spokesman declined to comment on the latest developments and how can we ensure that this is not used as an excuse to soften the climate goals? “a German government official said on Saturday.
