I am reading the following well-known paper on spectral sparsification of weighted graphs: https://arxiv.org/pdf/0808.4134.pdf. Page 2 contains most of the definitions relevant to this question.
It is said that a weighted graph $\tilde{G}$ (with vertex set $V$) is a $\sigma$-spectral approximation of a weighted graph $G$ (also with vertex set $V$) if, for all $x \in \mathbb{R}^V$, \begin{equation*} \frac{1}{\sigma} x^T L_{\tilde{G}} x \leq x^T L_{G} X \leq \sigma x^T L_{\tilde{G}} x, \end{equation*} Where $L_{G}$ is the Laplacian of $G$ and $L_{\tilde{G}}$ is the Laplacian of $\tilde{G}$.
This definition seems to apply naturally to graphs which are permitted to have negative edge weights. However, the assumption that the weights are non-negative is made throughout the rest of the paper.
Are there known algorithms for constructing a spectral sparsifier of a graph with some negative edge weights?