Britain, co-hosting the virtual summit ahead of climate negotiations in Glasgow next year, has been criticized by campaigners for funding oil and natural gas projects that contribute to climate change. Prime Minister Johnson stated that taking bold action now will create future jobs, aid in the recovery from coronavirus, and protect the environment for future generations. Over 70 world leaders, including China, India, Canada, and Japan, are expected to announce more ambitious climate goals at the summit. Britain is set to become the first major economy to stop financing fossil fuel projects overseas, a move that has been praised as a significant step towards serious climate action by experts. Louise Burrows, a policy adviser with consultancy E3G, described this policy shift as setting a new standard for meaningful climate action. Britain has been given permission to encourage other countries to do the same. The UK Export Finance agency has provided guarantees worth billions of dollars to support British oil and gas companies in expanding in various countries. Johnson has faced criticism for UKEF's involvement in backing Total's project in Mozambique. The government has announced a new policy that will end state support for oil, natural gas, and coal projects overseas, with few exceptions for gas-fired power plants that meet strict parameters aligned with the Paris agreement.