World Bank to no longer finance upstream oil and gas after 2019
By Trend
The World Bank Group will no longer finance upstream oil and gas, after 2019, the WB said in a statement at One Planet Summit.
“In exceptional circumstances, consideration will be given to financing upstream gas in the poorest countries where there is a clear benefit in terms of energy access for the poor and the project fits within the countries’ Paris Agreement commitments,” said the statement.
The World Bank is like a cooperative, made up of 189 member countries. These member countries, or shareholders, are represented by a Board of Governors, who are the ultimate policymakers at the World Bank.
---
Follow us on Twitter @AzerNewsAz