Climate warning

World Bank

Climate warning

World Bank ‘has given nearly $15bn to fossil fuel projects since Paris deal’

The World Bank has provided nearly $15bn of finance directly to fossil fuel projects since the Paris agreement was signed in 2015, and is likely to have spurred far greater investment indirectly, new research has found. Funding for “upstream” oil and gas projects from the World Bank was meant to stop from 2019, but the Big Shift Global, a coalition of more than 50 NGOs, has found the bank and its subsidiaries funding oil refinery and gas processing since then. https://www.theguardian.com/business/2022/oct/06/world-bank-has-given-nearly-15bn-to-fossil-fuel-projects-since-paris-deal

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  • Rukia Ahmed Abdi

    16 w

    World Bank must stop this

    1
    • We Don't Have Time

      27 w

      Dear Gerald Kutney Thank you for getting your climate warning to level 2! We have reached out to World Bank and asked for a response. I will keep you updated on any progress! /Muhammad We Don't Have Time

      1
      • Kodakandla deva Priyam

        28 w

        I job help me

        • Muhammad Fahd Khan

          28 w

          Disappointing!

          1
          • Marine Stephan

            33 w

            We don't have time for more fossil fuels!!! World Bank needs to stop

            3
            • Sheila wanjiru Nduta

              33 w

              Shame!!!

              2
              • Edwin wangombe

                33 w

                It's a shame to see such a respected institution funding humanity's destruction.

                2
                • Timothy Ndegwa

                  33 w

                  This is really sad at time when the world is economy is grappling world bank is funding fossil fuel projects that have formerly proven not to be sustainable

                  2
                  • Jens Szymanska

                    33 w

                    What the f***? 🤬

                    4
                    • Tabitha Kimani

                      33 w

                      Its really sad for such a high ranking institution to be funding projects that are endangering planet earth. Its unethical!

                      5
                      • Sarah Chabane

                        33 w

                        Disgusting

                        3
                        • Peter Kamau

                          33 w

                          The world bank comes out as a secret agent of our extinction. Huge shame it is⚠

                          3
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