Type of Content
Approved Story
1
Format
Region
News Item Format
Standard
Image Caption
Robert Perry-Pool/Getty Images
Autocurated
0
The Biden administration has pledged millions of dollars to a de facto international “climate reparations” fund at the United Nations (UN) climate summit in the United Arab Emirates (UAE).
The fund, referred to by its proponents as a “loss and damage fund,” is intended to have developed countries transfer money to the developing world as compensation for the impacts of climate change. The U.S. promised more than $17 million to the fund on Thursday, according to Axios.
Numerous energy industry experts previously told the Daily Caller News Foundation amounts to a “climate reparations” program that redistributes wealth from the West to the third world in a “global shakedown.”