Tell the World Bank: End All Finance for Fossil Fuel Exploration

Sign the Petition

Your letter will be delivered to the President of the World Bank, Jim Yong Kim, and your regional World Bank Executive Director to double your impact:

I welcome what the World Bank is doing to make a big shift in investments through its Climate Change Action Plan, and to support several energy access initiatives to get power and clean fuel to the energy poor.

However, these positive steps risk being undermined by ongoing direct and indirect World Bank support for fossil fuel development. This support will lock countries into a fossil fuel-dependent future, which will contribute to continued warming of the planet.

I ask the World Bank to be a responsible lender on climate change and a clear advocate for a transition to renewable energy. The World Bank can signal its commitment to this transition by ending all finance for fossil fuel exploration immediately, and scaling up its finance for clean energy access projects that help lift more people out of energy poverty.

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    The World Bank manages and invests huge amounts of public money in development projects. We need them to get all their money out of dirty fossil fuels and into affordable renewable energy – starting immediately with exploration finance.

    Even after the signing of the Paris Agreement, institutions like the World Bank continue to spend our public money supporting the search for oil, gas, and coal. Last month at their annual meeting, the World Bank agreed to track and report the greenhouse gas emissions of its investments – which is a good first step, but not nearly enough. If we send the World Bank thousands of letters from around the world, we can raise enough pressure to get another victory.

    Demand that World Bank President Jim Yong Kim commit to ending finance for fossil fuel exploration as part of the big shift away from dirty energy finance to clean, renewable energy.

    Together, we can shift the World Bank and its peer institutions to ditch dirty fossil fuel finance and ramp up clean energy finance – but it means we have to raise our voices together.

    Development institutions like the World Bank are supposed to be eradicating poverty. Instead, they’re exacerbating it by feeding the climate crisis, which hits the world’s poorest people harder than anyone else.

    Tell World Bank President Jim Yong Kim: It’s time to shift from dirty energy finance and scale up support for clean, renewable energy – starting by ending exploration finance.