Global leaders at the Paris Summit missed a critical opportunity to redirect trillions from fossil fuels, debt, and the ultra rich to address the climate crisis.
World Bank Group
Climate Expectations for World Bank Group Spring Meetings
“The World Bank cannot be effective on climate action until it stops adding fuel to the fire. We’ll be looking to shareholders and Bank leadership to make serious commitments to stop all forms of support for fossil fuels,” said O’Manique.
Response: Malpass departure must be the start of a fossil free World Bank
“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
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
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
“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
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
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
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
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.”
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