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Investing.com -- The United States formally rejected the "Net-Zero Framework" proposal by the International Maritime Organization on Tuesday, threatening measures against countries that support the initiative aimed at reducing greenhouse gas emissions from international shipping.
The announcement came in a joint statement from Secretary of State Marco Rubio, Commerce Secretary Howard Lutnick, Energy Secretary Chris Wright and Transportation Secretary Sean Duffy ahead of an October vote at the United Nations’ shipping agency to adopt the proposal.
"The Trump Administration unequivocally rejects this proposal before the IMO and will not tolerate any action that increases costs for our citizens, energy providers, shipping companies and their customers, or tourists," the statement said.
The administration warned other IMO members to oppose the framework, stating they "should be on notice that we will look for their support against this action and not hesitate to retaliate or explore remedies for our citizens should this endeavor fail."
This formal rejection follows the U.S. exit from IMO talks on the net-zero framework in April, when it urged other members in a memo to reconsider their support for the emissions reduction plan.
The World Shipping Council, which represents major shipping firms including container carrier Maersk and car carrier Wallenius Wilhelmsen, declined to comment on the U.S. position.
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