Slowly but surely the concept of “stranded assets” is taking hold and dirty coal looks likely to take the first big hit from a huge Norwegian pension fund.
Coal
World Bank Fossil Fuel Lending Increases in Last Year
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 Group Increases Lending for Fossil Fuels and Large Hydro
The World Bank Group (WBG) increased financing for both fossil fuels and large hydropower significantly this past year, while financing for clean energy dropped. Overall, only 8 percent of the Bank’s energy financing last year was aimed specifically at the poor.
Coal cash, climate denial, fuels Citizens United 2
Alabama coal baron and conservative activist Shaun McCutcheon doesn’t feel that $123,200 buys him enough influence in DC. He wants a Citizens United 2.
World Bank Accelerating Coal Development in Indonesia
The World Bank’s infrastructure program in Indonesia stipulates policies and government subsidies that promote the accelerated development of over 16 GW of coal power projects in the country ahead of developing feasible renewable alternatives.
World Bank Boosts Coal in Indonesia Revealing Loopholes in New Energy Strategy
A new investigation by Oil Change International shows that the World Bank’s infrastructure program in Indonesia reads like a coal industry wish list stipulating policies and government subsidies that promote the fast-tracked development of over 40 coal projects in the country ahead of developing feasible renewable alternatives.
The heart of a mountain lain on its side – Blacksburg, Virginia
Mika Minio-Paluello, Anna Galkina and James Marriott are travelling in North America as part of a tour over September and October to promote The Oil Road – Journeys from the Caspian to the City of London. This is the second of a series of blogs on the journey.
EBRD’s Draft Energy Policy continues Support for Dirty Coal
Whether you’re from Europe or the US, your tax dollars are helping them finance climate-damaging fossil fuel projects, thanks to the EBRD. But that can change.
Beating back the climate denial behind All of the Above
Paying lip service to climate science and then running full speed ahead down the fossil fuel pathway to climate chaos is just another form of climate denial. We need our leaders to wake up and make some hard choices, commensurate with the difficult climate reality we face.
How All of the Above will tank the climate
Instead of confronting the climate crisis head on, President Obama and others promoting “All of the Above” have decided to include oil, gas, and coal development alongside solar and wind energy. Read more about the biggest offenses.