World Bank introducing new fossil fuel subsidies, undermining its own climate change commitments and forest protection efforts

WASHINGTON, DC, Jan. 26, 2017 – New analysis of Bank’s $5-billion-dollar policy loans shows lender supporting investment incentives for coal and other fossil fuel projects in Southeast Asia, South America, Africa and the Middle East, threatening climate change efforts, indigenous groups and natural resources. World Bank policy loans are creating subsidies for coal, gas and […]