The Trump administration has told world financial institutions that the U.S is pulling out of the landmark international climate Loss and Damage Fund.
Climate analysts Monday were critical of the U.S. Treasury Department’s decision to formally pull out from the fund 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 Treasury official said in a letter last week that the U.S. board members of the fund were resigning.
“Consistent with President Trump’s Executive Order on Putting America First in International Environmental Agreements, the United States has…