The federal government is pledging to end all of its foreign financing for fossil-fuel projects in 2022.
The decision, to be announced on Thursday morning at COP26 as part of an agreement with about 20 other countries, is the latest effort by Ottawa to use the United Nations climate conference to push back against Canada’s international image as a robust supporter of the oil and gas industry.
The commitment will place heavy pressure on Export Development Canada – which provides loans, insurance and other forms of financial backing to oil and gas companies doing business abroad – to rapidly wind down that support
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