World Bank Fossil Fuel Lending Increases in Last Year

October 8, 2013By Elizabeth BastBlog Post, Featured 2 Comments

In spite of a heightened institutional focus on combating climate change, the World Bank increased its lending for fossil fuels over the last year. Meanwhile, the World Bank also has a ways to go in terms of tackling its objective of supporting universal access to energy, as only 8 percent of the Bank’s energy portfolio last year targeted the world’s poorest.

World Bank Shies Away from Coal But Embraces Natural Gas

July 17, 2013By Elizabeth BastBlog Post, Featured 1 Comment

Yesterday, the World Bank’s Executive Directors agreed to a new ‘Energy Sector Directions Paper’ which lays out the expected course for the Bank’s future energy lending. While there are some encouraging indications that the Bank will move away from coal financing, the increased emphasis on natural gas and large hydropower is likely to undermine the strategy’s stated objective of increasing energy access for the poor.

West Africa oil boom overlooks tattered environmental safety net

January 20, 2012By Elizabeth BastBlog Post

This is a cross-post from the Center for Public Integrity. Original article available here.  Oil industry regulation lags behind as Ghana ramps up production By Christiane Badgley, International Consortium of Investigative Journalists On November 3, 2011, fishermen working near the Jubilee oil field 60 km. off the coast of Ghana spotted a large oil slick … Read More