It’s time to shift international energy investments to support energy services that are clean, reliable, and sustainable, and honestly provide energy access for the poorest. You can help. The World Bank – an influential development bank that runs on taxpayer money – is currently updating its Energy Strategy that will guide its investments for the … Read More
World Bank
Global Climate Fund In, World Bank Out
With only a few days to go in the UN climate talks in CancĂşn, many questions remain on the outcomes, including on one of the most important issues currently on the table – climate finance. Finance in the context of the climate talks refers to funding for developing countries to address climate needs – financing … Read More
Report: G20 Fossil Fuel Subsidy Phase Out
G20 Fossil-Fuel Subsidy Phase Out: A review of current gaps and needed changes to achieve success Oil Change International & Earth Track November 2010 Download the full report, G20 Fossil-Fuel Subsidy Phase Out (PDF) The Economist: “Green view: How to save $300 billion,” November 12, 2010. Financial Times: Alan Beattie, “G20 countries accused of fossil … Read More
The Polluter’s newfound concern for the Poor
Two days ago in St. Louis, the head of the largest coal producer in the US, Peabody Energy’s Gregory H. Boyce, delivered the keynote address on ‘The Future of Fossil Fuels’ at the Global Energy Future Symposium at Washington University in St. Louis. His message was to “put people first” by supporting policies that prioritize … Read More
World Bank lending for coal up 256%…
Relying exclusively on the World Bank’s own figures, a new analysis shows World Bank Group lending to coal, oil and gas is up 94% from 2007, reaching over $3 billion. Coal lending alone has increased an astonishing 256% in the last year. This is the same World Bank that would like to lead – and … Read More
World Bank Pulls out of Chad Pipeline
It was meant to be the test-case that showed that oil could benefit the poor of Africa. It was one of the World Bank’s biggest ever investments on the continent. But yesterday, the Bank pulled the plug on the infamous agreement with Chad over the Chad-Cameroon pipeline and repeated failed promises to spend the oil … Read More