Blog
Leaving No One Behind?: the Heated Landscape of Financing for Development
Mining, oil and gas and industrial agribusiness driving 90 percent of forest and biodiversity destruction, and while there are tireless campaigns everywhere to reign in the destruction, if the incentives don’t change, the outcomes won’t change either. Read More
Why is the World Bank Group financing profitable polluters like Standard Bank and Eni?
The World Bank Group (WBG) plays a massive role in directing global economic development, and has the potential to support climate mitigation and adaptation by strategically using public funds. Unfortunately, it continues to invest in profitable, polluting companies under the guise of green development. Over the past year, the… Read More
How Institutions like the World Bank Group Finance Fossil Fuels
The World Bank Group's mission is to end extreme poverty and promote shared prosperity on a livable planet. Read More
A Risky Bet: The IMF’s Role in Mozambique’s LNG Development
Serious financial, social, environmental, and climate risks aside, the development of LNG in Mozambique has also been tangled up in a corruption scandal of international scale, and a devastating militarized conflict impacting over a million people. Read More
The hidden flows of finance to fossil fuels: World Bank and IMF edition
The U.S. government has spent more than $44 billion on fossil fuel projects overseas over the last decade. Read More
One Disaster After Another: Will EXIM Chairman Reed Ever Learn?
EXIM continues to invest in projects with severe environmental impacts, human rights abuses, and detrimental effects on local communities and public health. Read More
Why $77 billion a year in public finance for oil, gas, and coal is even worse than it sounds
The headline finding is that from 2016 to 2018 G20 countries provided an average of USD $77 billion a year in public finance for fossil fuels. Read More
Over 260 CSOs call on Chinese actors to ensure COVID-19 financial relief be allocated to high quality, not high-risk Belt and Road investments
The international statement captures growing international concern regarding how Chinese development finance can do its part in successfully addressing the COVID-19 crisis without exacerbating environmental, social, climate, biodiversity, or other risks. Read More
EXIM should not fund detrimental natural gas project in Mozambique
An obscure government agency, the U.S. Export Import Bank (EXIM), will decide this week whether or not to fund a $5 billion liquefied natural gas (LNG) investment, the agency’s largest transaction ever. Read More
Don’t scrap environmentally responsible overseas investment with reckless Senate BUILD Act
It fails to transfer to the new institution OPIC’s existing environmental, social, climate, transparency, worker rights, human rights, indigenous peoples, gender, anti-corruption and accountability policies — putting communities, the environment and the U.S. government at risk. Read More