Cop29 host Azerbaijan seeks $1bn from fossil fuel producers for climate fund

Countries and companies involved in oil and gas extraction to be asked to join scheme aimed at tackling global heating

Fossil-fuel producing countries and companies are being asked to pay into a new international fund to help poor countries cope with the effects of the climate crisis.

The climate investment fund is being set up by the Azerbaijan government, host country of the Cop29 UN climate summit in November.