Community demands reparations from World Bank for murder of South African environmental activist Fikile Ntshangase for opposing the Tendele coal mine initially financed by IFC.
Case continues troubling trend of increased ISDS claims from fossil fuel industry.
Despite growing focus on climate issues, both institutions have backed controversial Mozambique LNG project.
New energy policy sees European Investment Bank end support for unabated coal, oil and gas from 2021.
Fund and central banks increasingly pondering macroeconomic policies to tackle climate risks.
IFC equity investment linked to development of key Brazilian transport corridor, leading to accelerated deforestation in the area.
Fund turns its attention to carbon pricing to support Paris Agreement alignment, as climate vulnerable countries see rising cost of climate impacts.
As climate crisis deepens, IFC’s Green Equity Strategy faces delay from World Bank’s Board, with CSO activists calling Board’s foot-dragging a ‘scandal’.