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Home News National News

World Bank ban oil funding

David Kugonza by David Kugonza
October 25, 2018
in National News, News
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World Bank ban oil funding
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By Ssebuliba Samuel.

The World Bank has announced it will not fund upstream oil and gas projects starting 2019 on wards, as a mean to save the world from disasters of climate change

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An estimated 1.1 billion people translating into 14% of the global population do not have access to electricity according to the International Energy Agency.

Speaking at the World Bank meeting in Bali, the World Bank president Jim Yong Kim said world leaders must start listening to the social justice arguments from people from poor countries who have not put any of the carbon in the air but suffering the consequences.

He said that many African are grappling with climate change behaviors mainly emanating from environmental unfriendly sources , and thus countries must adopt clean energy

David Kugonza

David Kugonza

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Smart City: KCCA launches hybrid solar system

Smart City: KCCA launches hybrid solar system

March 22, 2023
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Indian community explores more business opportunities in Uganda

March 22, 2023
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March 22, 2023
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