{"id":635838,"date":"2017-12-14T03:41:51","date_gmt":"2017-12-14T03:41:51","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/12\/14\/world-bank-will-no-longer-finance-oil-and-gas-investments\/"},"modified":"2017-12-14T03:41:51","modified_gmt":"2017-12-14T03:41:51","slug":"world-bank-will-no-longer-finance-oil-and-gas-investments","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/12\/14\/world-bank-will-no-longer-finance-oil-and-gas-investments\/","title":{"rendered":"World Bank will no longer finance oil and gas investments"},"content":{"rendered":"

The World Bank will not offer fund oil and gas investments after 2019, and will instead allocate 28% of its lending portfolio to climate action by 2020<\/strong>, The National reports<\/a>. \u201cThe move follows similar initiatives by large financial institutions \u2026 The global sentiment towards oil and gas investment is increasingly turning negative with large funds continuing to move away from fossil fuels.\u201d The shift in the WB\u2019s spending will likely hit energy-poor countries the hardest, analysts say, but the bank said it would make exceptions for projects that do not violate commitments made under the Paris climate accord.<\/p>\n","protected":false},"excerpt":{"rendered":"

The World Bank will not offer fund oil and gas investments after 2019, and will instead allocate 28% of its lending portfolio to climate action by 2020, The National reports. \u201cThe move follows similar initiatives by large financial institutions \u2026 The global sentiment towards oil and gas investment is increasingly turning negative with large funds […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-635838","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"d2d9dbe3-3fba-468e-abb3-3839382d6bf7","order":"0","is_powered_by":true,"section_story_id":"2d78bd99-9d2b-4775-b340-1399d661be8d","story_type":"1","photo_url":"","photo_position":"above","related_issue":[635822],"teaser":"","voice_url":""},"yoast_head":"\nWorld Bank will no longer finance oil and gas investments - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2017\/12\/14\/world-bank-will-no-longer-finance-oil-and-gas-investments\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"World Bank will no longer finance oil and gas investments\" \/>\n<meta property=\"og:description\" content=\"The World Bank will not offer fund oil and gas investments after 2019, and will instead allocate 28% of its lending portfolio to climate action by 2020, The National reports. \u201cThe move follows similar initiatives by large financial institutions \u2026 The global sentiment towards oil and gas investment is increasingly turning negative with large funds […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/12\/14\/world-bank-will-no-longer-finance-oil-and-gas-investments\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-12-14T03:41:51+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/12\/14\/world-bank-will-no-longer-finance-oil-and-gas-investments\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/12\/14\/world-bank-will-no-longer-finance-oil-and-gas-investments\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"World Bank will no longer finance oil and gas investments\",\"datePublished\":\"2017-12-14T03:41:51+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/12\/14\/world-bank-will-no-longer-finance-oil-and-gas-investments\/\"},\"wordCount\":105,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/12\/14\/world-bank-will-no-longer-finance-oil-and-gas-investments\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/12\/14\/world-bank-will-no-longer-finance-oil-and-gas-investments\/\",\"name\":\"World Bank will no longer finance oil and gas investments - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2017-12-14T03:41:51+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/12\/14\/world-bank-will-no-longer-finance-oil-and-gas-investments\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2017\/12\/14\/world-bank-will-no-longer-finance-oil-and-gas-investments\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/12\/14\/world-bank-will-no-longer-finance-oil-and-gas-investments\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"World Bank will no longer finance oil and gas investments\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"World Bank will no longer finance oil and gas investments - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2017\/12\/14\/world-bank-will-no-longer-finance-oil-and-gas-investments\/","og_locale":"en_US","og_type":"article","og_title":"World Bank will no longer finance oil and gas investments","og_description":"The World Bank will not offer fund oil and gas investments after 2019, and will instead allocate 28% of its lending portfolio to climate action by 2020, The National reports. \u201cThe move follows similar initiatives by large financial institutions \u2026 The global sentiment towards oil and gas investment is increasingly turning negative with large funds […]","og_url":"https:\/\/enterpriseam.com\/egypt\/2017\/12\/14\/world-bank-will-no-longer-finance-oil-and-gas-investments\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2017-12-14T03:41:51+00:00","author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2017\/12\/14\/world-bank-will-no-longer-finance-oil-and-gas-investments\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2017\/12\/14\/world-bank-will-no-longer-finance-oil-and-gas-investments\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"World Bank will no longer finance oil and gas investments","datePublished":"2017-12-14T03:41:51+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2017\/12\/14\/world-bank-will-no-longer-finance-oil-and-gas-investments\/"},"wordCount":105,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"keywords":["EnterpriseAM","SPEED ROUND"],"articleSection":["Speed Round"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2017\/12\/14\/world-bank-will-no-longer-finance-oil-and-gas-investments\/","url":"https:\/\/enterpriseam.com\/egypt\/2017\/12\/14\/world-bank-will-no-longer-finance-oil-and-gas-investments\/","name":"World Bank will no longer finance oil and gas investments - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"datePublished":"2017-12-14T03:41:51+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2017\/12\/14\/world-bank-will-no-longer-finance-oil-and-gas-investments\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2017\/12\/14\/world-bank-will-no-longer-finance-oil-and-gas-investments\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2017\/12\/14\/world-bank-will-no-longer-finance-oil-and-gas-investments\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"World Bank will no longer finance oil and gas investments"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/egypt\/#website","url":"https:\/\/enterpriseam.com\/egypt\/","name":"EnterpriseAM","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/egypt\/#organization","name":"EnterpriseAM","url":"https:\/\/enterpriseam.com\/egypt\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/240894.svg","contentUrl":"https:\/\/ent.news\/internal\/240894.svg","caption":"EnterpriseAM"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"}]}},"featured_image_src":null,"featured_image_src_square":null,"author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":597351,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/24\/united-oil-gas-looks-to-acquire-rockhopper-egypt-for-usd-16-mn\/","url_meta":{"origin":635838,"position":0},"title":"United Oil & Gas looks to acquire Rockhopper Egypt for USD 16 mn","author":"enterpriseam admin","date":"24 July 2019","format":false,"excerpt":"M&A WATCH- United Oil & Gas wants to buy Rockhopper Egypt for USD 16 mn: Irish energy company United Oil & Gas has proposed to Rockhopper Exploration that it acquire Rockhopper\u2019s Egypt business for USD 16 mn, the company said in a statement. Rockhopper Egypt owns a non-operating 22% interest\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":597448,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/28\/east-med-states-reiterate-need-for-energy-cooperation-during-regional-gas-forum\/","url_meta":{"origin":635838,"position":1},"title":"East Med states reiterate need for energy cooperation during regional gas forum","author":"enterpriseam admin","date":"28 July 2019","format":false,"excerpt":"East Med states reiterate need for energy cooperation at regional gas forum: Energy ministers from eastern Mediterranean states vowed to increase cooperation over developing the region\u2019s gas reserves following talks in Cairo last week. Ministers from Egypt, Israel, Cyprus, Greece, Italy, Jordan and the Palestinian Authority met as part of\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/1\/639.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":593705,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/08\/united-oil-gas-acquisition-of-rockhopper-egypt-on-track-to-close-by-4q2019\/","url_meta":{"origin":635838,"position":2},"title":"United Oil & Gas\u2019 acquisition of Rockhopper Egypt on track to close by 4Q2019","author":"enterpriseam admin","date":"8 October 2019","format":false,"excerpt":"M&A WATCH- United Oil & Gas\u2019 acquisition of Rockhopper Egypt \u201cprogressing well\u201d: Rockhopper Exploration\u2019s sale of its Egypt business to Irish energy company United Oil & Gas is on track to be completed by the end of 4Q2019, Rockhopper said in a statement yesterday. Rockhopper and United had signed a\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":597346,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/24\/oil-and-gas-news-occupy-egypts-airwaves-last-night\/","url_meta":{"origin":635838,"position":3},"title":"Oil and gas news occupy Egypt\u2019s airwaves last night","author":"enterpriseam admin","date":"24 July 2019","format":false,"excerpt":"Oil and gas updates from Eni and a cursory mention of the World Bank visit occupied the nation\u2019s talking heads last night.Eni ramps up production: News that Italy\u2019s Eni has begun oil production from its West Meleiha concession in the Western Desert earned some airtime on Al Hayah Al Youm\u2026","rel":"","context":"In "Enterprise+: Last Night\u2019s Talk Shows"","block_context":{"text":"Enterprise+: Last Night\u2019s Talk Shows","link":"https:\/\/enterpriseam.com\/egypt\/category\/enterprise-last-nights-talk-shows\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":575551,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/10\/19\/egypts-finance-minister-maait-talks-economy-in-imf-world-bank-meetings\/","url_meta":{"origin":635838,"position":4},"title":"Egypt\u2019s Finance Minister Maait talks economy in IMF, World Bank meetings","author":"enterpriseam admin","date":"19 October 2020","format":false,"excerpt":"INVESTMENT WATCH- FinMin pitches investment strategy, improving economic landscape to investors: Egypt is prioritizing investments in the transport, oil and gas, renewable energy, and manufacturing sectors, Finance Minister Mohamed Maait said in separate meetings with senior representatives from HSBC and Standard Chartered and unnamed foreign investors, according to a ministry\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":593016,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/11\/14\/apicorp-acquires-24-equity-stake-in-al-khorayef-united-holding\/","url_meta":{"origin":635838,"position":5},"title":"Apicorp acquires 24% equity stake in Al Khorayef United Holding","author":"enterpriseam admin","date":"14 November 2019","format":false,"excerpt":"M&A WATCH- Apicorp acquires 24% stake in Al Khorayef United Holding: The Arab Petroleum Investments Corporation (Apicorp) has acquired a 24% stake in Al Khorayef United Holding, its first private equity investment in a Kuwait-based company, the company said in a statement yesterday (pdf). Apicorp will partner with Saudi\u2019s Al\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/635838","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=635838"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/635838\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/635822"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=635838"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=635838"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=635838"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=635838"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=635838"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}