The World Bank and Fossil Energy

World Bank Group Financial Flows Undermine the Paris Climate Agreement: The WBG contributes to higher profit margins for oil, gas, and coal

Photo by Holger Link, Unsplash. Shanghai, China.

The full report by Urgewald can be found here:

https://urgewald.org/sites/default/files/World_Bank_Fossil_Projects_WEB.pdf

“These fossil fuel investments make up a greater share of the bank’s current energy lending portfolio than renewable projects, according to a new analysis by the environmental watchdog Urgewald.”

See the full article by Sasha Chavkin at the International Consortium of Investigative Journalists, at this link: