This report assesses how four multilateral development banks (MDBs) — World Bank Group, Inter- American Development Bank, African Development Bank, and Asian Development Bank — are measuring up in their efforts to address the global energy access challenge.
Day: April 14, 2016
World Bank Failing to Solve Energy Poverty, Receives ‘F’ in New Report
The World Bank and other key multilateral developments institutions are failing to solve the crucial issue of energy access for the global poor, and in the process are missing out on the profound opportunities presented by distributed clean energy solutions, concludes to a major new report released today.
World Bank still funding the search for new fossil fuels, despite climate commitments
New analysis released today shows that the World Bank Group continues to finance billions of dollars in oil, gas, and coal projects each year, including projects to explore for new fossil fuel reserves.
World Bank Group Funds Fossil Fuel Exploration
The World Bank Group continues to invest in exploration for new fossil fuel reserves despite clear signs that we already have far more fossil fuels than we can afford to burn, and over the last five years, the World Bank Group’s total fossil fuel finance has trended upwards, with finance into the billions of dollars nearly every year.
Bob Dudley’s $20M Pay Packet is “Reward For Failure”
I want to tell you a story about a man called Bob. Bob runs a large multinational oil company. His company has just recorded its worst ever record loss of $6.5 billion. He has sacked some 7,000 workers, ruining lives and ripping up livelihoods. His company has suffered a torrid, horrible year. His share price fell 13 per cent over the last year. His competitors all did much better.