The Morning Call
The World Bank Group, says it will stop financing oil and gas exploration after 2019, in a bid to help combat climate change. The world bank group which includes the World Bank and three other institutions and regarded as one of the world’s most important financial and development institutions made the announcement at the Planet Summit in Paris. The summit was hosted by French president Emmanuel Macron in Paris with 164 world leaders, government members, business leaders and prominent figures. The move marks a major change in strategy for the the WBG, which has historically sought to support extraction of natural resources, such as gas, oil and minerals in developing nations, in order to tackle corruption and exploitation, through proper governance.
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DRC: concern over the potential development of oil drilling
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Activists urge Nigeria to delay Shell's $2.4 billion sale of assets in deeply polluted Niger Delta
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Congo sends its first shipment of liquefied natural gas to Italy
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Libya: Two oil fields closed amid protests in Oubari
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Ivory Coast will deliver 50 million liters of gasoline monthly to Guinea
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Countries fret over prospect of wider Red Sea violence [Business Africa]