Article 6EP1M World Bank spent billions of dollars backing fossil fuels in 2022 | First Thing

World Bank spent billions of dollars backing fossil fuels in 2022 | First Thing

by
Nicola Slawson
from US news | The Guardian on (#6EP1M)

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Good morning.

The World Bank poured billions of dollars into fossil fuels around the world last year despite repeated promises to refocus on shifting to a low-carbon economy, research has suggested.

Many countries, developed and developing, are now pushing for reform of the World Bank. They say it needs to refocus its efforts on shifting to a low-carbon global economy. A new president, Ajay Banga, was appointed in June, after the previous incumbent, the Trump appointee David Malpass, resigned after questions over whether he was a climate denier.

Who is Chutkan? The judge, an Obama appointee, came into the case with a reputation of being particularly tough in January 6-related prosecutions after she handed down sentences in some prosecutions that were longer than had been requested by the justice department.

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