On Wednesday, a group of lawmakers from the European Parliament called for Germany, France, and Italy not to support the Russian Arctic liquefied natural gas (LNG) project in concerns related to climate change.
The group of 39 lawmakers of around 250 from the countries in the European parliament mainly consists of Green Party lawmakers sent a letter to the three countries.
"We urge the French, German and Italian governments to refuse to support this project and set a new standard by ending all export finance support to fossil fuels before COP26," the letter said.
The urging came a day after the International Energy Agency (IEA)’s statement that in order to curb global warming in line with the aims of the Paris Agreement on climate change, all investments in new fossil fuel projects have to be decreased.
On a related note, France's Bpifrance, Germany’s Euler Hermes, and Italy's SACE were among the state-backed international lenders assessing to provide around USD9.5 billion in financial support for the Russian Arctic LNG project.
