World Bank to end financing of oil and gas projects in 2019

The World Bank’s president Jim Yong Kim has said the lender will stop financing oil and gas projects in two years.

World Bank to end financing of oil and gas projects in 2019
Tue, 12 Dec, 2017 - 20:40

The World Bank’s president Jim Yong Kim has said the lender will stop financing oil and gas projects in two years.

Speaking at the climate summit outside Paris, Jim Yong Kim said on Tuesday the World Bank will cease financing exploration and extraction projects after 2019, except "in exceptional circumstances".

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