World Bank to stop funding oil, gas projects from 2019

great. I think United States’ decision to leave the treaty was a mistake.

 

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might be a bit late

"In its 2016 annual report, the World Bank Group said it had invested just over $3 billion in “extractive industries”, which also include mining, in 2016 -- three times as much as the year before."

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the MDBs and the PFIs of G20 countries provide almost four times as much finance to fossil fuels than to clean energy in an average year.

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Too late and on the other side hypocritical.  After the planet is polluted, everyone is talking about pure energy. Where have they been few years ago when was the right time for such decision. Nowhere. Because money and interest are everlasting.

Image result for zagađenje zemlje

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Also, major banks and companies vowed to accelerate the move away from Earth-warming fossil fuels as world leaders met in Paris seeking to unlock new cash for the global economy's shift to greener energy.

French insurer Axa said it would speed up its carbon sector divestment, pulling $2.9 billion from companies which derive more than 30 percent of their revenues from coal.

Dutch bank ING said it would have "close to zero exposure" to coal power generation by 2025, and a group of more than 200 global investors, including banking giant HSBC, launched a campaign to pressure the world's largest corporate greenhouse gas emitters -- including BP, Airbus, Volkswagen, and Glencore -- to go greener.

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But what about climate finance for developing countries, of which the US -- the world's biggest historical greenhouse gas polluter -- has traditionally been a major contributor.

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It was time for all of the institutions, countries, investors and individuals who are part of the still Paris Agreement to stop funding fossil fuels. It's a only way for better and healthy future.

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Coal is history. Don't accept bribes and be conscientious cause next generations...

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For clear picture of air - pollution, or damage of Earth I will ask have anyone ever seen the footprint size of an opencut coal mine? And, nfortunately there are hundreds, thousands, millions of them around the world - or the enormous coal shale mines. 

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Pavel, this news is a best confirmation of our announcement one month ago...

 

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