Green groups accuse World Bank of "fossil fuel binge"

BusinessGreen staff
clock •

Report finds environmental and social safeguards apply to "ever decreasing proportion" of World Bank portfolio

The World Bank is continuing to plough millions of pounds of investment into carbon intensive projects in the developing world, despite pledges to shift its funding towards more sustainable developments....

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

BusinessGreen staff
Author spotlight

BusinessGreen staff

View profile
More from BusinessGreen staff

Reports: EU to cap imports of hybrid EVs from China to 350,000 annually

Europe cannot defend itself on imported fuel

More on Investment

'Investors are not abandoning sustainability': Three quarters of retail investors expect sustainability to inform decisions
Investment

'Investors are not abandoning sustainability': Three quarters of retail investors expect sustainability to inform decisions

Major new report from Aberdeen Investments insists 'sustainable investing is evolving, not retreating'

James Murray
James Murray
clock 13 October 2026 • 4 min read
Generation gap in ESG investing widens as performance worries increase
Investment

Generation gap in ESG investing widens as performance worries increase

Association of Investment Companies survey reveals growing hostility to ESG investing, especially among older investors, which is being fuelled by concerns over returns and confusion over what the term means

Michael Nelson, Investment Week
clock 13 October 2026 • 2 min read
SDCL's Jonathan Maxwell: 'The skills we need are mostly not green at all'
Investment

SDCL's Jonathan Maxwell: 'The skills we need are mostly not green at all'

Jonathan Maxwell explains why permission, not capital, is the 'constraint that bites', and why the industries making the fastest progress are the ones with the biggest energy bills

Stuart Stone
Stuart Stone
clock 13 October 2026 • 9 min read