Fossil fuels

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.

13 July 2021

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.

13 July 2021
A fracking well in Vaca Muerta, Argentina.

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.

7 April 2020 | At Issue

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.

7 April 2020

Infrastructure

News

World Bank reconsiders support for coal in Kosovo

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

27 September 2018

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.

26 September 2018

Infrastructure

News

Azerbaijani Laundromat to sully Bank’s reputation?

Scandal raises new questions about World Bank loans for Trans-Anatolian Pipeline (TANAP), after civil society previously raised concerns over human rights violations and the negative environmental impact of the project.

27 September 2017

Environment

Background

On track to 1.5C: Mainstreaming climate and forest actions in MDB lending and country strategies

Notes from a meeting at the IMF/World Bank 2017 spring meetings on MDB actions on climate change and forests.

25 April 2017 | Minutes

Environment

News

World Bank policy lending undermines climate goals

A CSO report has found that the World Bank’s development policy lending is supporting incentives for fossil fuels in Egypt, Indonesia, Mozambique and Peru.

6 April 2017
Mapa del Corredor de Gas del Sur. Crédito: Bankwatch

Infrastructure

Analysis

The rise and fall of World Bank funded megaprojects

The World Bank has announced funding for the controversial Southern Gas Corridor, while exiting two other high profile but problematic megaprojects, Inga 3 in Democratic Republic of Congo and Simandou in Guinea.

31 January 2017