{"id":7219,"date":"2017-12-18T11:36:37","date_gmt":"2017-12-18T19:36:37","guid":{"rendered":"http:\/\/occupysf.net\/?p=7219"},"modified":"2017-12-18T11:39:03","modified_gmt":"2017-12-18T19:39:03","slug":"world-bank-end-financial-support-oil-gas-exploration","status":"publish","type":"post","link":"http:\/\/occupysf.net\/index.php\/2017\/12\/18\/world-bank-end-financial-support-oil-gas-exploration\/","title":{"rendered":"World Bank to end financial support for oil and gas exploration"},"content":{"rendered":"
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\u201cIt is hard to overstate the significance of this historic announcement by the World Bank.\u201d<\/h3>\n
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Alexandra Jacobo<\/a>\u00a0\/\u00a0NationofChange<\/a>\u00a0\/ News Report\u00a0– December 13, 2017<\/span><\/div>\n<\/div>\n<\/header>\n<\/div>\n
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World Bank Group president Jim Yong Kim at One Planet Summmit: “We’re working with partners to put the right policies in place, get market forces moving in the right direction, put money on the table, and accelerate climate action.” (Image: World Bank \/ Twitter)<\/figcaption><\/figure>\n<\/div>\n
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<\/i>NationofChange is a nonprofit organization, and this website is funded by readers like you. Please support our work.\u00a0Donate<\/a>\u00a0or\u00a0give monthly<\/a>.<\/div>\n<\/div>\n
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The World Bank will end it\u2019s financial support for oil and gas exploration and production after 2019.<\/p>\n

In response to the growing threat posed by climate change, the World Bank announced that it \u201cwill no longer finance upstream oil and gas\u201d after 2019.<\/p>\n

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View image on Twitter<\/span><\/a><\/p>\n

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\"\"<\/span>Jim Yong Kim<\/span><\/span><\/a><\/p>\n

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✔<\/b><\/span><\/span>@JimYongKim<\/span><\/a><\/p>\n<\/div>\n<\/div>\n

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To align our support to countries seeking to meet their Paris Agreement goals, we announced today that we will no longer finance upstream oil and gas after 2019. Our statement:\u00a0http:\/\/<\/span>wrld.bg\/rpne30haHL0\u00a0<\/span><\/a>\u00a0#<\/span>OnePlanet<\/span><\/a><\/p>\n