Anger over World Bank's $55m pledge to Guyana's fossil fuel industry
by Jasper Jolly from Environment | The Guardian on (#4ZY7G)
Campaigners say move is 'blatant contradiction' of lender's climate commitments
The World Bank has been criticised for providing $55m (43m) to aid fossil fuel extraction in Guyana, at the same time that it has pledged to stop direct funding of oil and gas production.
The Washington-based institution, which provides loans and grants to aid the development of poorer countries, will provide $20m to pay for the training of Guyanese oil and gas officials, including those involved in the marketing of oil.
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