First: According to a report, the World Bank supported fossil fuels to the tune of billions of dollars in 2022.
The funds were sent through trade finance, a distinct type of funding meant to speed up cross-border operations. The World Bank provided around $3.7 billion in trade finance in 2022, according to Urgewald, a campaign organisation that monitors global fossil fuel financing. This money was likely used to support oil and gas development. The study’s … Read more