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Nigeria: World Bank helps finance controversial fossil fuel project
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A new study shows that in the years since the Paris climate agreement, banks have paid $1.9 trillion to finance fossil fuels.
We use cookies to improve our service for you. You can find more information in our data protection declaration. Investigative journalists have found the World Bank is still heavily investing in fossil fuel projects. DW’s Fanny Facsar reports from Lagos where the lender granted loans to what’s going to be the largest oil refinery. It is hot, dusty and massive: As you enter the construction site outside of Lagos, you find yourself in the middle of a huge arena of orderly chaos. Hundreds of trucks are driving through what is to become the biggest oil refinery in the world. The man behind it is Aliko Dangote.
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World Bank invests in Nigeria’s fossil fuel industry
We have a new comment system! Emily Holden. That includes no longer doing business with companies whose main activity is tied to oil and gas from dnot or tar sands or financing oil and gas exploration or production projects in the Arctic. Get our award-winning magazine Save big on a full year of investigations, ideas, and insights. Get Started Getting a Better Bank. Sorry, your blog cannot share posts by email. The most pressure so far has come from activists, led by indigenous groups, that avalancne targeted banks supporting the Dakota Access pipeline.
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