If a deal is reached, it could prevent billions of dollars from flowing into "carbon bombs" - projects that, if built, would cause us to blow past our climate targets and lock in a future of climate chaos.

Still, Politico reports that the U.S. has not yet taken a position on this game-changing proposal.

The success of this deal hinges on America's participation. As Kate DeAngelis of Friends of the Earth asserts, "All eyes are on the U.S. Without the U.S. coming to the table, we’re not going to see Japan and Korea get in line.”

With the next round of OECD talks not occurring until after the November election, the window to act is rapidly closing. We need the Biden Administration to champion this powerful initiative and commit the U.S. to signing on!