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The Conversation USA

Signaling more independence from the US, the World Bank phases out its support for fossil fuels

  • Written by Jason Kirk, Associate Professor of Political Science and Policy Studies, Elon University
World Bank President Jim Yong Kim, left, and French President Emmanuel Macron. AP Photo/Francois Mori

The World Bank, which provides developing countries about US$60 billion a year in financial assistance, is officially phasing out its support for the oil and gas industries.

This move brings its actions more in sync with its overarching commitment...

Read more: Signaling more independence from the US, the World Bank phases out its support for fossil fuels

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