{"id":378214,"date":"2020-10-13T12:12:08","date_gmt":"2020-10-13T06:42:08","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=378214"},"modified":"2020-10-13T13:21:49","modified_gmt":"2020-10-13T07:51:49","slug":"world-bank-still-investing-billions-in-fossil-fuels-study-shows","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/world-bank-still-investing-billions-in-fossil-fuels-study-shows\/","title":{"rendered":"World bank still investing billions in fossil fuels, study shows"},"content":{"rendered":"<p>The World Bank Group has continued to invest in fossil fuels despite pledging to fight climate change, according to German environmental lobby group Urgewald, which cited over $2 billion spent on projects in the past two years.<\/p>\n<p>The bank has spent more than $12 billion on such projects since the Paris Agreement to combat global warming was adopted in 2015, about the same amount it spent on fossil fuels from 2014 to 2018, a study by Urgewald showed. The data, which Urgewald updates annually, was compiled from World Bank data and by contacting projects, companies and governments that received the funds.<\/p>\n<p>Urgewald\u2019s latest tally of World Bank spending on fossil fuels showed that the majority of the money invested over the last five years &#8212; $10.5 billion &#8212; was new direct project financing, including new loans, guarantees, and equity.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The World Bank Group has continued to invest in fossil fuels despite pledging to fight climate change, according to German environmental lobby group Urgewald, which cited over $2 billion spent on projects in the past two years. The bank has spent more than $12 billion on such projects since the Paris Agreement to combat global warming was adopted in 2015, about the same amount it spent on fossil fuels from 2014 to 2018, a study by Urgewald showed. The data, which Urgewald updates annually, was compiled from World Bank data and by contacting projects, companies and governments that received the [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[141,130,183],"tags":[],"class_list":["post-378214","post","type-post","status-publish","format-standard","hentry","category-hindustantimes","category-newspapers","category-oil-gas-hindustantimes"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/378214","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=378214"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/378214\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=378214"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=378214"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=378214"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}