The World Bank and other multilateral development banks recently have begun reconsidering their self-imposed restrictions on financing fossil fuel projects. This change is being prompted in part by the new U.S. administration and is also supported by developing country experts.
Yet, the reality remains that fossil fuel emissions, and specifically the climate change they induce, can severely undermine multilateral de…
Fossil fuel projects in poor nations shouldn’t give rich polluters a pass
October 22, 2025