World Bank Group, an international financial institution, has decided to stop financing upstream oil and gas projects in a bid to help tackle climate change.
The World Bank said on Tuesday at the One Planet Summit, convened by French President Emmanuel Macron, it would stop financing upstream oil and gas after 2019 in order to align its support to countries to meet their Paris goals. The bank’s commitment comes two years after the Paris Agreement was signed, pledging to try and keep a global temperature rise this century well below two degrees.
Brazil Energy Insight 
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