World Bank Spent Nearly $15 Billion Supporting Fossil Fuels Since Paris Accords

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World Bank Spent Nearly $15 Billion Supporting Fossil Fuels Since Paris Accords
France Dernières Nouvelles,France Actualités
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The World Bank has long been accused of reneging on its climate commitments.

to replace Malpass, is a former private equity executive who has worked for Nestlé, PepsiCo, and Citibank.

“The easiest way for a big oil company or coal operation to escape attention surrounding public assistance is to cloak it in trade finance,” the group said. “It is a huge loophole that must be closed and evaluated through public disclosure.” “IFC regularly reports accurate and timely project information through various channels,” the spokesperson added.

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