‘Stop funding oil and gas projects’

This year’s Spring Meetings of the World Bank that took place at the institution’s headquarters in Washington, D.C. from April 10-16 were dominated by demands from shareholders to reform and tackle contemporary challenges.

And top on the list were the challenges of the debt burden weighing down economies of developing countries and the climate change crisis.

...“That the World Bank is promoting and funding gas projects at a time countries are moving to cleaner energy is outright mockery to this important transition. It is especially a sore insult to millions of people in developing countries who are left with little – if not more impoverished – in the wake of this destructive exploitation,” said Dean Bhemukuzi Bhebhe from Power Shift Africa.