© 2020 – 2023 AEA3 WEB | AEAƎ United Kingdom News

World Bank spent billions of dollars backing fossil fuels in 2022, study finds

Campaigners estimate about $3.7bn in trade finance was supplied to oil and gas projects despite bank’s green pledges

The World Bank poured billions of dollars into fossil fuels around the world last year despite repeated promises to refocus on shifting to a low-carbon economy, research has suggested.

The money went through a special form of funding known as trade finance, which is used to facilitate global transactions.

Continue reading…

Related posts

Over a fifth of elite rugby union players in England had concussions in 2018-19


Jamie Dornan was stuck in Australian quarantine when dad died of Covid


Funding model for UK higher education is ‘broken’, say university VCs


Pin It on Pinterest

Share This