Infrastructure

Analysis

World Bank announces support for CCUS in Nigeria despite criticisms it reinforces fossil fuel dependence

World Bank trust fund ESMAP will provide support for domestic market, while IFC will support private sector investment in CCUS.

Environment

News

World Bank accused of being ‘ongoing underperformer’ at COP26, as key Bank shareholders commit to fossil-fuel finance phaseout

UN official and civil society criticise World Bank and other MDBs for lack of ambition at COP26.

Infrastructure

News

New US treasury guidance introduces limits for US support for fossil fuels at World Bank

Civil society voices concern about continued support for fossil gas under the policy.

Infrastructure

News

Former Ghana national oil company head links World Bank’s Sankofa guarantee to gas power plant deals

Alex Mould says guarantee included commitment to sign four ‘take or pay’ contracts with independent power producers.

Environment

News

World Bank’s new Climate Change Action Plan fails to deliver much-needed transformative agenda

Plan lacks detail in key areas, including concrete commitments to end fossil fuels support.

Environment

News

World Bank's oil revenue outlook for Guyana at odds with climate action

Bank’s lofty projections for oil-based growth contradict more sober estimates that account for uncertainty in sector.

Finance

Analysis

Fracking’s false hope: Why fossil fuels won’t help to repay Argentina’s national debt

Argentina’s strategy to increase fossil fuel exports to ease debt burden ignores need for increased state investments and climate commitments.

Infrastructure

Analysis

Ghana’s Sankofa gas project - backed by World Bank - brings fiscal pain

Ghana left with $250 million bill for unused gas in 2019 primarily due to ‘take or pay’ clause in Bank-supported PPP contract.

Infrastructure

News

World Bank reconsiders support for coal in Kosovo

Bank commissions energy options study, which will explore alternate electricity sources.

Infrastructure

News

Warming of Ethiopia-Eritrea relations puts proposed LAPSSET mega-project under microscope

Significant concerns also remain about environmental and social impacts of mega-infrastructure project partially financed by World Bank.