Blog
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 Climate & Agriculture provisions of the IRA
The Inflation Reduction Act (IRA) is many things at once. The good and the bad all need to be considered together. Read More
Celebrate the Earth, but don’t believe the corporate hype
Earth Day continues to be a moment when people come together to pick up trash, to learn and teach, and to take a moment to reflect. It is also a day when corporate America loves to broadcast its social responsibility and to spend public relations budgets on ever-increasing forays into greenwashing. 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
Trump’s Securities and Exchange Commission is trying to gut investor advocacy
While most Americans are sheltering in place, homeschooling their kids, or finding ways to support their neighbors through the coronavirus crisis, the Securities and Exchange Commission seems to be taking the opportunity to kneecap investors who care about climate change, labor rights and protecting democracy. Read More