G8 pledges action on rising food and oil prices; deadlock on climate

TOYAKO, Japan,  - Leaders of the world’s top industrial powers ended a summit Wednesday with pledges to act on soaring oil and food prices, but failed to bridge deep differences with poor nations on fighting climate change.

US President George W Bush hailed his last Group of Eight summit, at which rich nations agreed to at least halve global greenhouse gas emissions by 2050, as “very productive”.

“I’m pleased to report that we’ve had significant success,” Bush said before he left the resort venue where the annual summit was held in the mountains of northern Japan.