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World Bank Says It Will Stop Financing Upstream Oil and Gas After 2019

HeadlineDec 13, 2017

In France, dozens of world leaders met Tuesday for a one-day climate change conference, held on the second anniversary of the landmark 2015 Paris climate accord. Ahead of the meeting, French President Emmanuel Macron said President Trump was not invited, as a result of his move to pull the U.S. out of the Paris deal. At Tuesday’s meeting, the World Bank announced it will “no longer finance upstream oil and gas after 2019.” Environmental groups heralded the announcement, with the group Oil Change International saying, “It is hard to overstate the significance of this historic announcement by the World Bank.”

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