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Yellen Targets Curbs on Development Bank Support for Fossil Fuel

  • Treasury chiefs gather bank heads to discuss net-zero target
  • U.S. joins effort to steer investment toward greener energy
Janet Yellen during the G20 finance ministers and central bankers meeting in Venice, on July 11.

Janet Yellen during the G20 finance ministers and central bankers meeting in Venice, on July 11.

Photographer: Andreas Solaro/AFP/Getty Images

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U.S. Treasury Secretary Janet Yellen signaled she’ll prod multilateral development banks to rein in their lending for fossil fuels, part of a global effort to make the financial system greener.