In Washington, D.C., climate activists held a bicycle protest Wednesday outside the World Bank as it held its annual meetings. The demonstration came after a new report found the World Bank financed at least $14.8 billion in fossil fuel development since the signing of the Paris Climate Agreement in 2015. That’s despite pledges by World Bank officials to stop supporting oil and gas projects. This is Mark Moreno Pascual, a protester from the Philippines.
Mark Moreno Pascual: “But what we’re seeing now is that they’re funding more than $15 billion on fossil fuels. And this isn’t even the complete picture. There’s more money flowing through indirect financing, and we’re seeing that being coursed through coal power plants in the Philippines and Indonesia. And we’re demanding the bank to stop doing this right now.”