UN pushes development banks to halt supporting fossil fuel projects following a report that the World Bank pumped billions into the sector
Protestors outside the World Bank demonstrate against financing fossil fuels and demanding investment in renewable energy in Washington, US. October 18, 2019.
Environmental campaigners have for years tried to prevent the oil, coal and natural gas industry from producing dangerous levels of the greenhouse gases that cause climate change by persuading commercial banks to stop lending them money. Guterres urged a coalition of finance ministers and economic policymakers from dozens of countries to ensure development banks end fossil fuel investments and boost renewable energy.
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