Yellen Urges Development Banks To Stop Fossil Fuel Funding ...Middle East

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Yellen Urges Development Banks To Stop Fossil Fuel Funding
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U.S. Treasury Secretary Janet Yellen is prepared to gather together the heads of development banks to persuade them to stop fossil fuel project funding, according to Bloomberg. The Treasury Secretary intends to “articulate our expectations that the MDBs align their portfolios with the Paris Agreement and net-zero goals as urgently as possible,” according to a written speech she is set to deliver at a climate conference in Italy. The speech, soon to be delivered, follows just days behind a similar message that the financial community…

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