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The Guardian - UK
The Guardian - UK
World
Nicola Slawson

First Thing: World Bank spent billions of dollars backing fossil fuels in 2022, study finds

Donald Trump Tucker Carlson World Bank Vladimir Putin Kim Jongun Rudy Giuliani United States Elon Musk Tanya Chutkan Oil
An oil flow station operated by Shell in Port Harcourt, Nigeria
An oil flow station operated by Shell in Port Harcourt, Nigeria. Oil extraction in the country is likely to benefit from trade finance supplied by the World Bank. Photograph: Bloomberg/Getty Images

Good morning.

The World Bank poured billions of dollars into fossil fuels around the world last year despite repeated promises to refocus on shifting to a low-carbon economy, research has suggested.

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