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Denmark among seven countries to pledge a cut on fossil fuel finance

Lena Hunter
April 15th, 2021


This article is more than 3 years old.

Gas, coal and oil infrastructure has traditionally comprised a large share of many countries’ public export finance – but the new initiative aims to cut funding

Tyra will not be running until 2024 (photo: Flickr/Tom Jervis)

Denmark has backed an initiative to halt public export guarantees for fossil fuel projects, announced Bruno Le Maire, the French finance minister, on Tuesday. They are joined by Germany, France, Britain, Spain, the Netherlands and Sweden.

“We are totally determined to stop all export guarantees financing fossil fuels while taking into account each country’s industrial specifics and the impact on jobs,” Le Maire told Reuters.

Britain, France and Sweden have already outlined their plans, while the other four countries are yet to decide how fast they will phase out support.

Hope for US backing
In a meeting on Wednesday to formalise the agreement, Le Maire added that he hoped US President Joe Biden’s administration would join the group.

The US alone accounts for 40 percent of export finance among OECD countries, according to an upcoming review of the country’s export finance.

The seven countries also pledged to support climate-friendly projects and to increase transparency in their export finance policies.


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A survey carried out by Megafon for TV2 has found that 71 percent of parents have handed over children to daycare in spite of them being sick.

Moreover, 21 percent of those surveyed admitted to medicating their kids with paracetamol, such as Panodil, before sending them to school.

The FOLA parents’ organisation is shocked by the findings.

“I think it is absolutely crazy. It simply cannot be that a child goes to school sick and plays with lots of other children. Then we are faced with the fact that they will infect the whole institution,” said FOLA chair Signe Nielsen.

Pill pushers
At the Børnehuset daycare institution in Silkeborg a meeting was called where parents were implored not to bring their sick children to school.

At Børnehuset there are fears that parents prefer to pack their kids off with a pill without informing teachers.

“We occasionally have children who that they have had a pill for breakfast,” said headteacher Susanne Bødker. “You might think that it is a Panodil more than a vitamin pill, if it is a child who has just been sick, for example.”

Parents sick and tired
Parents, when confronted, often cite pressure at work as a reason for not being able to stay at home with their children.

Many declare that they simply cannot take another day off, as they are afraid of being fired.

Allan Randrup Thomsen, a professor of virology at KU, has heavily criticised the parents’ actions, describing the current situation as a “vicious circle”.

“It promotes the spread of viruses, and it adds momentum to a cycle where parents are pressured by high levels of sick-leave. If they then choose to send the children to daycare while they are still recovering, they keep the epidemic going in daycares, and this in turn puts a greater burden on the parents.”