World Bank President David Malpass came under heavy criticism on Wednesday after he declined to say whether he accepts the scientific consensus on global warming, rekindling concerns about the bank’s lack of a deadline to stop funding fossil fuels.
September 22, 2022 | 11:33 amWASHINGTON —
The president of the United States, the largest World Bank shareholder, traditionally appoints World Bank presidents. Former president Donald Trump appointed Mr. Malpass to a five-year term in 2019. “People & governments now need a WB leader who listens to science,” said Mr. Tubiana, now CEO of the non-profit European Climate Foundation.The World Bank and White House declined to comment.“We expect the World Bank Group to be a global leader of climate ambition and the mobilization of significantly more climate finance for developing countries,” a spokesperson said. “We have — and will continue — to make that expectation clear to World Bank leadership.
In January 2021 the Bank’s board approved a $620 million investment in a multibillion-dollar liquified natural gas project in Mozambique.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Angelina Jolie visits Pakistan flood victims, calls for aidISLAMABAD: United States actor and humanitarian Angelina Jolie has said the flood disaster in Pakistan should be a 'wake-up call' for the world regarding climate change, and called...
Read more »
IDB begins reviewing report on bank chief's alleged ties to staffer, source says - BusinessWorld OnlineWASHINGTON/MEXICO CITY – The Inter-American Development Bank‘s (IDB) board of directors on Monday began reviewing an independent report on whistleblower allegations that the bank‘s chief, Mauricio Claver-Carone, had an intimate relationship with a staffer and misused IDB funds, a source familiar with the matter told Reuters. Latin America’s main development bank, which is headquartered in Washington, hired legal firm Davis Polk to investigate the allegations after holding several meetings on […]
Read more »
Amendment or revision: Changing the Philippine Constitution - BusinessWorld OnlineAntonio G. M. La Viña, a constitutional law professor at the University of the Philippines, explains how lawmakers can revise or amend the Philippine Constitution and how Filipino voters can also initiate Charter change through a petition. More:
Read more »
Marcos calls for respect for int’l law at UN debut - BusinessWorld OnlinePhilippine President Ferdinand R. Marcos, Jr. on Wednesday called for respect for international law in a speech at the United Nations (UN) General Assembly that marked his debut on the global stage. READ:
Read more »
World leaders lash Russia over Ukraine invasion, referendum plans - BusinessWorld OnlineKYIV/UNITED NATIONS – World leaders meeting at the United Nations in New York denounced Russia‘s invasion of Ukraine, as Moscow-installed leaders in occupied areas of four Ukrainian regions announced plans to hold referendums on joining Russia in coming days. In the apparently coordinated move, pro-Russian figures announced referendums for Sept. 23-27 in Luhansk, Donetsk, Kherson and Zaporizhzhia provinces, representing around 15% of Ukrainian territory, or an area about the size of […]
Read more »