Europe officials urge World Bank to exclude fossil-fuel investment
(Adds World Bank statement) By Kate Abnett and Andrea Shalal WASHINGTON, Feb 26 (Reuters) - Senior officials from Europe have urged the World Bank's management to expand its climate change strategy to exclude investments in oil- and coal-related projects around the world, and gradually phase out investment in natural gas projects, according to three sources familiar with the matter. In the six-page letter dated Wednesday, World Bank executive directors representing major European shareholder countries and Canada, welcomed moves by the Bank to ensure its lending supports efforts to reduce carb...
Source: trust.org