Posts in Gas
- World Bank Group finance for projects that included fossil fuel exploration was highest in FY2013, at nearly $1 billion out of $2.7 billion total for fossil fuel projects in 2013.
- World Bank Group finance for fossil fuel exploration projects from FY2008 to 2013 was highest in 2013, at nearly $1 billion out of $2.7 billion total for fossil fuel projects.
- As the West scrambles for a diplomatic solution to the crisis in Crimea, they know that as they try and negotiate with Russian President, Vladimir Putin, he holds one of the aces in the pack: Russian gas supplies to the west.
- The letter, with 21 signatories, suggests that fracking can be done safely with proper regulation, and that the economic benefits of fracking up California outweigh the inherent risks to the environment of the extraction practice. But even a very quick analysis of the signatories and the arguments they put forward will show another story. In short, this letter from scientists was made possible by the oil industry.
- In spite of a heightened institutional focus on combating climate change, the World Bank increased its lending for fossil fuels over the last year. Meanwhile, the World Bank also has a ways to go in terms of tackling its objective of supporting universal access to energy, as only 8 percent of the Bank’s energy portfolio last year targeted the world’s poorest.
- The World Bank Group (WBG) increased financing for both fossil fuels and large hydropower significantly this past year, while financing for clean energy dropped. Overall, only 8 percent of the Bank’s energy financing last year was aimed specifically at the poor.
- Two U.S. initiatives to provide Africans with electricity seem likely to lead to large, climate-polluting projects rather than the locally sourced renewable energy rural Africa needs.
- Paying lip service to climate science and then running full speed ahead down the fossil fuel pathway to climate chaos is just another form of climate denial. We need our leaders to wake up and make some hard choices, commensurate with the difficult climate reality we face.
- Instead of confronting the climate crisis head on, President Obama and others promoting "All of the Above" have decided to include oil, gas, and coal development alongside solar and wind energy. Read more about the biggest offenses.
- Development, faith, human rights, community, and environmental groups from more than 20 countries teamed up today to ask World Bank President Jim Kim to end Bank support for all fossil fuel projects unless the projects are solely focused on directly increasing energy access for the poor.
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