Netherlands to discontinue financing fossil fuel projects abroad

At COP26, the Netherlands decided to join a group of countries that will stop investing in coal, oil, and gas abroad. Although the Dutch were initially hesitant, the Dutch Minister of Foreign Trade and Development Cooperation, Tom de Bruijn of Democrats 66 (D66), signed the collective statement on November 8, 2021, after 21 other countries.

The Netherlands is a large player in the international oil and gas market, which explains their initial reluctance. According to documents from Atradius Dutch State Business, the export credit insurer of the Dutch state, the Dutch government guaranteed more than 4.5 billion (US$5.2 billion) in fossil energy projects in 2020.  

News article - NOS (in Dutch)