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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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Wind turbines in South Africa. Sustainable economic growth means investing in sustainability

Fiscal Sustainability: Stimulus or Austerity

Cost cutting and economic consolidation makes good fiscal sense particularly during difficult economic times.  Conversely, stimulating your economy with investments that contribute to sustainable growth and create jobs also makes sense. As the wave of recession was breaking around the world, the IMF’s managing director said,  “if there has ever been a time in modern economic history when fiscal policy and…

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