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 … Read More
Coal
Civil Society to World Bank: Clean Up Dirty Energy Financing
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 … Read More
Hayward and “Nat King Coal” Launch Oil Venture
This could be a toxic mix: take Deepwater-disaster man, Tony Hayward; the new coal baron, Nat Rothschild, and bankers Julian Mertherell and Tom Daniel, the former from discredited Goldman Sachs. Together you have someone who was ultimately responsible for America’s worst ever environmental disaster; someone who obviously does not care about climate change having invested … Read More
World Bank Executives: Stop Defending Dirty Energy for the Poor
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 … Read More
The New Dirty Energy Money Champions
Ever heard of the National Rural Electric Cooperative Association? We didn’t know much about them either. But they have popped up on our radar as an organisation that is pouring millions into politics. So we started doing some digging. NRECA calls itself the national service organisations that represents the nation’s more than 900 private, not-for-profit, … Read More
“Clean” Obama Versus Newt King Coal?
So we have been here before. A year ago Obama called for the ending of fossil fuel subsidies in his state of the Union address. Since then we have had two significant events: the Gulf oil spill, that you would have thought would have made it easier for politicians to stop subsidising oil companies. Then … Read More
Nat King Coal
There is a new climate villain on the bloc. No its not a big oil company. But a 39 year old aristocrat banker from Britain. Nathaniel Rothschild, commonly known as “Nat” comes from a dynasty that is built on banking and wine. But Nat, “who has sometimes struggled to live up to the dynastic name”, … Read More
EPA 1: Big Coal 0
So its game on. The EPA may be under attack from the Republicans, but its not rolling over and waiting to be stripped of its powers, without a fight. It is taking on Big Coal in the battle over mountain top removal. In what is being seen as an historic decision, the EPA has said … Read More
Meet the Top Dozen “Climate Killers”
As promised from yesterday, here are the top dozen Climate Killers from Rolling Stones list. According to the magazine, “the polluters and deniers are aiding Big Oil and Big Coal’s campaign to block progress on global warming”. I am sure you won’t agree with everyone on the list (as I don’t) so here goes: 1.   … Read More
“Its easier to defeat Hitler than Big Coal and Oil…”
Its not often now in journalism that someone tells you how it is and puts their neck on the line in no nonsense language. So good old Rolling Stone – the grandfather rock and roll mag that has a great article on how the oil and gas killed hopes of a climate deal in the … Read More