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.

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.

FAIL: How the Keystone XL Tar Sands Pipeline Flunks the Climate Test
The Obama administration’s decision on the proposed Keystone XL tar sands pipeline is a choice about our climate future. Tar sands are one of the most carbon polluting sources of oil on the planet, and limiting tar sands expansion is critical to fighting dangerous levels of climate change. Climate scientists, energy experts, and even Wall Street and industry analysts agree that the oil industry’s plans to expand tar sands development are not possible without this pipeline.

How much oil we use and how carbon-polluting that oil is will have a

Today we’re releasing a new report with Earth Track that exposes some $4 billion per year in new fossil fuel subsidies which have gone unaccounted for in previous estimates.