World Bank to stop financing oil
The World Bank
Paris - Egypt Today
The World Bank will stop financing oil and gas exploration and extraction from 2019, it announced Tuesday at a climate summit seeking to boost the global economy's shift to clean energy.
"The World Bank Group will no longer finance upstream oil and gas, after 2019," it said in a statement in Paris, where world leaders sought to unlock more money for the shift away from Earth-warming fossil fuels.
The move, it said, was meant to help countries meet the greenhouse gas-curbing pledges they had made in support of the 2015 Paris Agreement to limit global warming.
"In exceptional circumstances, 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 fits within the countries' Paris Agreement commitments," the statement said.
- Tuesday ,12 December GMT 14:28 2017 Banks, companies turn against coal as leaders seek cash for climate
GMT 06:04 2017 Monday ,18 December
Debt bear stalks Goldilocks economyGMT 08:46 2017 Sunday ,17 December
Lafarge ex-CEO denies knowing of Syria payments until lateGMT 14:28 2017 Tuesday ,12 December
Banks, companies turn against coal as leaders seek cash for climateGMT 14:10 2017 Tuesday ,12 December
World Bank to stop financing oil, gas projects from 2019GMT 10:42 2017 Tuesday ,12 December
France's Unibail-Rodamco to buy Australia's WestfieldRussia tests new telemetry system during manned Soyuz MS-11 spacecraft’s launch
Moscow - TASS
The Astra-06 apparatus developed by specialists of Russian Space Systems (RSS) was used for the first time as additional telemetric equipment aboard the manned Soyuz MS-11 spacecraft launc...Read More
GMT 10:42 2017 Sunday ,20 August
Jordan king condemns Barcelona attack
GMT 06:26 2015 Saturday ,12 December
Saudi holds first ever election open to women
GMT 19:46 2017 Monday ,17 April
Pakistan Security Operation Kills 10 Taliban Militants
GMT 09:13 2018 Monday ,12 November
Damascus National Museum to welcome its centenary with thousands of artifacts
GMT 14:44 2018 Tuesday ,30 October
Russia disappointed with UN committee’s vote on draft INF resolution "foreign ministry"
GMT 16:32 2018 Wednesday ,24 October
Kremlin comments on US decision to quit INF treaty
GMT 06:10 2015 Tuesday ,27 January
Drone targets 'Qaeda' in crisis-hit Yemen
GMT 12:58 2013 Monday ,16 September
Somali activist opens \'Desert Flower\'
GMT 13:13 2015 Friday ,12 June
Dubai Sports City on track to hit major milestones
GMT 06:53 2011 Wednesday ,06 July
Dubai Airport expansion plan endorsed
GMT 07:20 2011 Thursday ,16 June
Sales of Samsung\'s TVs top 2 mln in 3 monthsGMT 18:16 2012 Wednesday ,18 April
Bashir threatens overthrow of S Sudan govt
GMT 17:50 2014 Sunday ,14 September
3 Pakistani soldiers killed in rocket attack
GMT 12:23 2017 Friday ,17 March
S&P cuts troubled Toshiba's credit rating
GMT 06:20 2017 Sunday ,26 March
Canon continues support for region’s filmmaking industry
GMT 18:04 2016 Friday ,23 December
Terrorists abuse media, says Saudi Information Minister
GMT 05:01 2017 Friday ,05 May
Arab Media Forum begins in Dubai
GMT 02:38 2017 Wednesday ,01 February
Of school kitchens and a ‘healthy’
GMT 15:31 2016 Sunday ,27 November
‘Entaliq with Airbus’ holds training workshop in Jeddah
GMT 07:22 2017 Thursday ,20 July
Tunisian efforts to eliminate corruptionGMT 23:54 2012 Thursday ,12 April
Global warming scientists foresee Sun-reflecting cities
GMT 07:57 2017 Wednesday ,08 November
A year on, NRIs debate effects of note ban
GMT 06:37 2012 Monday ,20 February
The vision of a new Arab president
GMT 08:24 2018 Thursday ,04 January
The literary canary in India's coalmine
GMT 19:50 2017 Tuesday ,05 September
Houthi militias plan to separate from Yemen’s Saleh amid fears
GMT 00:42 2016 Monday ,21 November
36 killed in Syria's Aleppo clashes, bombing
GMT 08:31 2017 Thursday ,06 July
Qatar’s response negative
GMT 20:19 2016 Monday ,03 October
Franco-Tunisian woman hostage in Yemen freed and taken to Oman: officialsGMT 19:03 2012 Thursday ,26 January
Residents alerted as cold spell continues in UAE
GMT 01:52 2014 Thursday ,19 June
Investors pour $1m in app that just says 'Yo'
GMT 14:30 2013 Sunday ,28 July
Iraq, US reach deal on stolen artefacts
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor