Sentences with phrase «finance upstream oil»

During the summit, the bank released a statement saying it «will no longer finance upstream oil and gas,» citing a need to change in a «rapidly changing world».

«Bank announces in Paris it «will no longer finance upstream oil and gas» after 2019 in response to threat posed by climate change.»

Principal among these announcements, I think, was news that the World Bank will stop financing upstream oil and gas projects from 2019 onwards.

Not exact matches

As well as its decision on upstream oil and gas, the World Bank Group said on Tuesday that it would, among other things, report the greenhouse gas emissions arising from investment projects it finances in «key emissions - producing sectors» from 2018.

Some outlets have incorrectly reported that the World Bank Group will eliminate only their finance for fossil fuel exploration, but it's even bigger than that: the World Bank described it as a commitment to end «upstream oil and gas finance,» which means they're planning to phase out all of their extraction - related finance.

While the World Bank's decision to finally end the financing of upstream oil and gas after 2019 is long overdue, it is certainly worth celebrating.

At the One Planet Summit in Paris today, the World Bank announced that it will end financing for upstream oil and gas after 2019.

WASHINGTON, D.C. — At the One Planet Summit in Paris today, the World Bank announced that it will end financing for upstream oil and gas after 2019.

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Robin is an oil and gas expert with over 20 years in - house experience, including 10 years as a General Counsel and Company Secretary, with broad upstream, corporate, M&A, restructuring, financing, compliance and disputes experience in both developed and emerging markets.

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