GREEN4SEA Conference & Awards

7 Mar 2018
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GREEN4SEA Conference & Awards

7 Mar 2018
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Green Shipping

World Bank to stop financing upstream oil and gas

world bank

The World Bank said that it will no longer finance upstream oil and gas, after 2019.  It will make an exception in exceptional circumstances, where 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 complies with the countries’ Paris Agreement commitments.

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