through policy based lending and financial intermediaries."
A spokesperson for the World Bank told Reuters that the bank has limited financing for coal-fired power plants and oil and gas drilling. But the news service noted that the World Bank “has so far resisted pressure from European board members and climate campaigners to phase out fossil fuel financing entirely.” Last year, the bank invested $620 million in a liquefied natural gas project in Mozambique.
Citing unnamed administration sources, Axios reported that the White House has discussed potentially appointing Gore, Special Presidential Envoy for Climate John Kerry or former New York City Mayor Mike Bloomberg as replacements for Malpass. Countries in the developing world have also previously called for the World Bank — which finances development in those nations — to be led by someone from one of them.
Climate change 🙄 Where are your reports on Joke Biden tanking the economy?
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