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Ex-World Bank Atty Says Enviro Concerns Affect Financing

Law360, Houston (May 10, 2017, 7:45 PM EDT) -- The former chief counsel for the World Bank told a room of energy professionals at Baker McKenzie's fourth annual Oil & Gas Institute in Houston on Wednesday that the environmental challenges facing the industry have also changed the way financial institutions fund projects and have resulted in the adoption of new policies.

Charles Di Leva, who retired from the World Bank in December 2016, said the World Bank and the Asia Infrastructure Investment Bank, per a climate change action plan adopted last year, aim to double the volume of renewable energy financing by 2020. Additionally, he told the audience that project...

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