In another climate and money withdrawal, US pulls out of climate damage compensation fund

The Trump administration has told world financial institutions that the U.S. is pulling out of the landmark international climate Loss and Damage Fund. Last week's formal withdrawal by the Treasury Department exited the country from the fund. The Treasury did not respond to a request for comment. The fund was agreed upon in 2022. It is designed as compensation for damage by polluting nations to poor countries especially hurt by the extreme storms, heat and drought caused by the burning of coal, oil and gas. A dozen nations have pledged more than the U.S.