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Fossil Energy Development and the World Bank

World Bank Group Commits To Phasing Out Financing For Upstream Oil and Gas

Shift the subsidies Public financing helps fossil fuel projects continue. Take the World Bank Group which provided an average of more than $1 billion a year in upstream oil and gas financing from 2014 to 2016, according to Oil Change International. The good news is that after 2019, financing for those projects will no longer come from the WBG, except…

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Is Phasing Out Fossil Fuel Subsidies Even on the Agenda in Warsaw?

For all their potential promise, apparent earnestness and gravity – not to mention their possible effects and potential ramifications – it’s hard at times not to be cynical about high-level political negotiations. Such might be felt of the United Nations (UN) climate treaty negotiations which got under way this week in Warsaw, Poland. People have good reason to be skeptical…

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