JuneSim63 · @junesim63
1069 followers · 3938 posts · Server mstdn.social

The World Bank poured 3.7 billion dollars into fossil fuels around the world last year despite repeated promises to refocus on shifting to a low-carbon economy, according to research from campaign group Ungewald.

The money went through a special form of funding known as trade finance, which is used to facilitate global transactions and is more opaque than standard project finance.

theguardian.com/environment/20

#ClimateEmergency #oil #gas #ungewald #Environment #fossilfuels #ifc #worldbank

Last updated 1 year ago