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December 13, 2017

World Bank Says It Will Stop Financing Upstream Oil and Gas After 2019
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In France, dozens of world leaders met Tuesday for a one-day climate
change conference, held on the second anniversary of the landmark 2015
Paris climate accord. Ahead of the meeting, French President Emmanuel
Macron said President Trump was not invited, as a result of his move to
pull the U.S. out of the Paris deal. At Tuesday's meeting, the World
Bank announced it will "no longer finance upstream oil and gas after
2019." Environmental groups heralded the announcement, with the group
Oil Change International saying, "It is hard to overstate the
significance of this historic announcement by the World Bank."


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