The World Bank is no longer supporting the oil and gas industries

Juan Karita/AP The World Bank is starting to phase out its support for the oil and gas industries. The move is part of efforts to address climate change and reinforce the Paris Climate agreement. It also suggests that the Bank intends to play a leading role in the battle against climate change as the US turns its back on global environmental leadership. TheWorld Bank, which provides developing countries aboutUS$60 billiona year in financial assistance, is officially phasing out its support for t...