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Friends of the Earth Denounces Biden’s Pick to Lead World Bank
Today President Biden announced that he will nominate Ajay Banga to be President of the World Bank, on the heels of current World Bank President David Malpass’s announcement of resignation one week…
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At A Crossroads
Assessing G20 and MDB International Energy Finance ahead of stop funding fossils pledge deadline
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Report: Despite 2021 funding cuts, international public finance for fossils could rebound if gas is excluded from US climate policy
New research released today by Oil Change International and Friends of the Earth U.S. reveals that in 2021, G20 countries and major multilateral development banks continued their preferential financin…
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New Report Exposes World Bank Support for Gas in Vietnam
Today Recourse, Friends of the Earth U.S. and Asian Peoples Movement for Debt and Development released a new report that reveals the World Bank’s role in pushing for new and expanded gas power and L…
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Climate groups from around world call on World Bank President David Malpass to be fired
Climate change organisations under the Big Shift Coalition have called on the World Bank to fire its President David Malpass.
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P&G Board Members Face Shareholder Vote Over Forest Destruction in Supply Chain
A proposal to shareholders urges Procter & Gamble investors to vote against current members of the board of directors, due to the company’s failure to address unsustainable sourcing of wood pulp and…
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Report: IMF must curb its support for fossil fuels
A new report shows that the International Monetary Fund continues to undermine its own climate commitments through support for fossil fuels.
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U.S. allows financing for new oil project at IDB Group Board, contradicting climate policies
The U.S. government’s ineffective guidance on fossil fuel financing at MDBs reflects its unwillingness to rigorously act on climate
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Biden Admin rolls out weak government-wide standard on overseas fossil fuel finance
Today, President Biden put forward a government-wide performance standard to apply to U.S. financing of overseas energy projects.