Case continues troubling trend of increased ISDS claims from fossil fuel industry.
The Bank’s new Africa energy strategy offers it an important chance to mainstream achieving SDG7 into its energy lending on the continent.
Law firm contracted under World Bank technical assistance apparently backs out after CSOs expose links to ExxonMobil.
Ghana left with $250 million bill for unused gas in 2019 primarily due to ‘take or pay’ clause in Bank-supported PPP contract.
World Bank supports hydropower building spree in Manipur, threatening local communities’ livelihoods in the process.
New energy policy sees European Investment Bank end support for unabated coal, oil and gas from 2021.
Significant concerns also remain about environmental and social impacts of mega-infrastructure project partially financed by World Bank.
CAO audit finds IFC failed to identify gaps in project’s social and environmental assessment, while communities impacted by the project face impacts on water source, livelihoods and levels of violence.