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Reaction: World Bank Steals Show at One Planet Summit by Phasing Out Upstream Oil and Gas Finance


Reaction: World Bank Steals Show at One Planet Summit by Phasing Out Upstream Oil and Gas Finance13-12-2017 02:05
moncktonProfile picture★★★☆☆
(436)
PARIS, FRANCE — At the One Planet Summit in Paris, France, the World Bank announced, among other positive steps, that they "will no longer finance upstream oil and gas, after 2019."...

...The World Bank Group already has a policy in place that restricts support for coal-fired power plants and for thermal coal mining. With the addition of upstream oil and gas to thermal coal mining, this commitment means that the World Bank will no longer finance fossil fuel extraction after 2019, except in extreme cases....

http://priceofoil.org/2017/12/12/reaction-world-bank-upstream-oil-gas-finance/

Looks like they got religion.
13-12-2017 03:43
Into the NightProfile picture★★★★★
(18395)
monckton wrote:
PARIS, FRANCE — At the One Planet Summit in Paris, France, the World Bank announced, among other positive steps, that they "will no longer finance upstream oil and gas, after 2019."...

...The World Bank Group already has a policy in place that restricts support for coal-fired power plants and for thermal coal mining. With the addition of upstream oil and gas to thermal coal mining, this commitment means that the World Bank will no longer finance fossil fuel extraction after 2019, except in extreme cases....

http://priceofoil.org/2017/12/12/reaction-world-bank-upstream-oil-gas-finance/

Looks like they got religion.


Sure does.


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13-12-2017 04:44
moncktonProfile picture★★★☆☆
(436)
It seemed pertinent.
I thought I'd race to mention it before you did.




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