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Development Banks Continue to Sink Billions into Fossil Fuel Projects – October 12, 2017

Public financing for oil and gas estimated at $9 billion in 2016 fiscal year alone, much of it after Paris Agreement

In the last year alone, vulnerable populations have suffered massive damage from the impacts of a changing climate. “Super hurricanes” have torn through the Caribbean — turbocharged by abnormally warm waters — making islands uninhabitable. Flooding, mudslides, wildfires, and avalanches have hit nearly every continent, killing thousands. These extreme weather events decimated basic infrastructure and destroyed livelihoods and economies. While not all of these individual events can be unequivocally linked to climate change, many are strengthened by it, and they are a harbinger of things to come in a world of climate disruption.

arial view of oil rigPhoto by Adventures… more

by: Allison Lee

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