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The Price of Oil

Exposing the true costs of fossil fuels

Oil Change International campaigns to expose the true costs of fossil fuels and facilitate the coming transition towards clean energy.

Posts in World Bank

• 59 Groups Pressure World Bank to Clean Up Energy Lending

  Elizabeth Bast, April 3, 2013
  Development, faith, human rights, community, and environmental groups from more than 20 countries teamed up today to ask World Bank President Jim Kim to end Bank support for all fossil fuel projects unless the projects are solely focused on directly increasing energy access for the poor.
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  World Bank starts swimmin’, but still might sink

  Steve Kretzmann, November 19, 2012
  Then you better start swimmin’ Or you’ll sink like a stone For the times they are a-changin’. – Bob Dylan After decades of campaign efforts to get the World Bank to stop investing in fossil fuels, it appears that the institution that was for many years the largest source of multilateral public support for the...
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• Shift the Subsidies Database Reveals $40 Billion in Fossil Fuel Funding Over Last Four Years

  Elizabeth Bast, November 30, 2011
  Development Banks Still Financing Dirty Energy New Database Reveals $40 Billion in Fossil Fuel Funding Over Last Four Years Nov. 30, 2011, Durban, South Africa – Major multilateral development banks have provided financing of over $40 billion to fossil-fuel energy development since 2008, according to the new Shift the Subsidies database (http://shiftthesubsidies.org), launched today by...
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  Civil Society to World Bank: Clean Up Dirty Energy Financing

  Elizabeth Bast, November 29, 2011
  New report shows institution lacking clean energy lending strategy and instead considering a new loan for coal power in Kosovo BASIC South Initiative – Campagna per la riforma della Banca Mondiale (Italy) – Friends of the Earth U.S. – groundWork (South Africa) – International Rivers – Oil Change International – Sierra Club (U.S.) – Urgewald...
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• Report Finds World Bank’s Energy Lending Fails to Target the Poorest

  Elizabeth Bast, June 7, 2011
  Tuesday, June 7, 2011 FOR IMMEDIATE RELEASE CONTACT: Elizabeth Bast, Oil Change International, 202-641-7203, ebast@priceofoil.org Patricia Brooks, ActionAid USA, 202-351-1757 Report Finds World Bank’s Energy Lending Fails to Target the Poorest, Calls for Decentralized Clean Energy to Achieve Development Goals WASHINGTON, D.C. – New research released today by Oil Change International, ActionAid International and Vasudha...
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  A Pro-Poor, Pro-Climate Energy Strategy

  Elizabeth Bast, June 7, 2011
  For the past year, the World Bank has been reviewing its strategy for energy lending.  Responding to years of critiques and complaints from communities, activists, the Bank has taken a year to confirm what development advocates have been saying for quite a while: ensuring energy access for the poor is a critical step in alleviating...
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  World Bank Executives: Stop Defending Dirty Energy for the Poor

  Traci Romine, April 19, 2011
  The World Bank Group, perhaps the best-known publicly-funded international development institution, is pitched in an important battle over the future of its energy lending. Unfortunately, if some Bank executives have their way, the new Energy Strategy will become a blueprint for straddling the world’s poorest nations and people with dangerous and polluting energy. That’s because...
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• Join this Friday’s Rally at the World Bank: Support Clean Energy for the Poor

  Traci Romine, April 14, 2011
  We need your help this Friday to call on the World Bank Group to direct its energy lending to provide healthy, clean energy access to the world’s poor. Currently, 1.4 billion people mostly in rural Asia and Africa are without access to electricity. The World Bank says that alleviating this energy poverty is one of...
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• Join the International Call: World Bank, Free Us from Fossil Fuels

  Traci Romine, February 24, 2011
  It’s time to shift international energy investments to support energy services that are clean, reliable, and sustainable, and honestly provide energy access for the poorest. You can help. The World Bank – an influential development bank that runs on taxpayer money – is currently updating its Energy Strategy that will guide its investments for the...
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  Global Climate Fund In, World Bank Out

  Elizabeth Bast, December 8, 2010
  With only a few days to go in the UN climate talks in Cancún, many questions remain on the outcomes, including on one of the most important issues currently on the table – climate finance. Finance in the context of the climate talks refers to funding for developing countries to address climate needs – financing...
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