Britain, which is co-hosting the virtual summit before the climate negotiations in Glasgow next year, has been criticized for funding oil and natural gas projects overseas that contribute to climate change. Prime Minister Johnson stated that by taking bold action now, they can create future jobs, aid in the recovery from COVID-19, and protect the environment for future generations. Over 70 world leaders, including those from China, India, Canada, and Japan, are expected to announce more ambitious climate commitments at the summit. Britain is set to become the first major economy to stop public financing for overseas fossil fuel projects, with experts praising this move as setting a new example for serious climate action. Louise Burrows, a policy adviser with consultancy E3G, expressed support for this policy shift. Britain has the authority to encourage other countries to do the same. The UK Export Finance agency has provided guarantees worth billions of dollars to support the expansion of British oil and gas companies in various countries. Johnson had been criticized for UKEF's involvement in supporting Total's liquefied natural gas project in Mozambique. The government announced a new policy that will end state support for overseas oil, natural gas, and coal projects, with few exceptions for gas-fired power plants that adhere to the Paris agreement.