Energy financiers in Asia must stop supporting the region’s costly reliance on LNG and coal power

Energy financiers in Asia must stop supporting the region’s costly reliance on LNG and coal power



“Gas is over,” said the head of the European Investment Bank, Werner Hoyer, earlier this year when he explained the bank’s vision to end the undiminished use of fossil fuels. Since then, European officials have urged the World Bank to stop lending to gas projects around the world and stop supporting coal and oil. US President Joe Biden made a pledge in the early days of his presidency to end public finances for fossil fuel development overseas. Political changes in the financing of fossil fuels do not have….

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“Gas is over,” said the head of the European Investment Bank, Werner Hoyer, earlier this year when he explained the bank’s vision to end the undiminished use of fossil fuels. Since then, European officials have urged the World Bank to stop lending to gas projects around the world and stop supporting coal and oil. US President Joe Biden made a pledge in the early days of his presidency to end public finances for fossil fuel development overseas. Political changes in the financing of fossil fuels do not have….

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