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  • Wealthy nations are undercutting their climate pledges ahead of the G7 summit in Germany. They're worried about energy prices and energy security

    3 days ago - By Business Insider

    Rich nations gathering for the G7 summit are likely to delay action on climate change. peepo/Getty Images
    Inflation and energy security are likely to dominate the G7 summit at the expense of climate action.
    President Joe Biden called for a gas-tax holiday while some European countries revert to coal.
    Climate advocates say now is the time to invest in renewable energy, not fossil fuels.
    In 2007, then-German Chancellor Angela Merkel laid out the climate crisis this way : "It is not five minutes to midnight. It's five past midnight." It seems Germany will need a few more minutes. When...
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