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World Bank Group

Response: Malpass departure must be the start of a fossil free World Bank

February 15, 2023By Bronwen TuckerBlog Post, News, Press Releases, Stop Funding Fossils

“Despite Malpass’s departure, the World Bank Group still funds more fossil fuels than any other multilateral development bank. Ending this support must be top priority ahead of the Bank’s Spring Meetings,” said Tucker.

Pressure grows on World Bank boss to quit over funding of climate chaos

October 17, 2022By Andy RowellBlog Post, News, Stop Funding Fossils

Last week, civil society advocates from across the world convened outside the Washington DC headquarters of the World Bank to protest the Bank’s highly controversial financing of deadly fossil fuel projects.

‘No room for climate deniers!’ CSOs call for World Bank President David Malpass to be fired

September 21, 2022By Bronwen TuckerFeatured, Press Releases

Climate change organizations under the Big Shift Coalition have called on the World Bank to fire its President David Malpass.

Rep. Jared Huffman, Advocates Call on World Bank to Stop Financing Dirty Fuel-Based Transport Projects

April 21, 2022By Collin ReesBlog Post, News, Press Releases, Stop Funding Fossils

“The World Bank is falling short by doubling down on fossil fuel transportation investments that will lock in climate chaos while creating new sources of sickening pollution for communities around the globe,” said Collin Rees.

Civil society organizations react to World Bank Climate Change Action Plan’s failure to end finance for fossil fuels

June 22, 2021By Bronwen TuckerBlog Post, Fossil Gas, Press Releases, Stop Funding Fossils

The plan leaves the door open for new gas finance and keeps existing loopholes for continued support for all fossil fuels.

Multilateral Development Banks have financed at least $3 billion in fossil fuels during COVID-19 recovery

March 29, 2021By Bronwen TuckerBlog Post, Featured, Press Releases

Today sees the release of the data on project financing from the nine major Multilateral Development Banks on the Energy Policy Tracker and a new Big Shift Global briefing, showing that, since the beginning of the pandemic, the Banks provided at least $12 billion to clean energy and $3 billion for fossil fuels.

Trump’s World Bank pick, David Malpass, Must Not Pass

March 4, 2019By Alex DoukasBlog Post 1 Comment

President Trump has nominated David Malpass to be World Bank President If approved, Malpass would be a disaster for the World Bank – and the world. He’s not fit for this role and would drag the World Bank back to climate denial and inaction.

David Malpass as World Bank President = Climate Fail

February 4, 2019By Alex DoukasFeatured, News, Press Releases

Program Director Alex Doukas said, “David Malpass is a dreadful nominee for the World Bank President. Malpass was Chief Economist of Bear Stearns as the company led the economy off the cliff into a global financial crisis. That tells you all you need to know about David Malpass’ ability as an economic steward.”

Even after Paris, World Bank continues to fund climate chaos

October 12, 2017By Allison LeeBlog Post, Featured, News

A new briefing shows that about one-quarter of multilateral development banks’ energy investments between fiscal years 2014 and 2016 flowed to fossil fuel infrastructure, directly at odds with efforts to fight climate change.

Cross Purposes: After Paris, Multilateral Development Banks Still Funding Billions in Fossil Fuels

October 12, 2017By Alex DoukasBriefings, Featured, News, Reports, Resources

A new report shows how multilateral development banks, including the World Bank, gave over $9 billion in funding for fossil fuel projects in 2016, nearly all of it following the Paris Agreement being reached and despite claims that they were acting on climate and adjusting their investment strategies.

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