Bank support facilitated $1 billion in private investment in LNG on the island, despite the green credentials of natural gas being widely debunked.
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.
Move comes after concerted civil society campaign calling for ‘fossil-free EIB’.
Bank’s $3.75 billion loan in 2010 has failed to deliver reliable energy to South African users, despite eye-watering cost overruns.
Notes from the Civil Society Policy Forum event on 10 April, which looked at sustainable infrastructure from fiscal, rights and climate lenses.
Notes from a meeting at the IMF/World Bank 2017 spring meetings on MDB actions on climate change and forests.
Bank commissions energy options study, which will explore alternate electricity sources.
A June petition signed by more than 120,000 people called on IFIs, “to immediately stop funding for projects that are located in protected areas.”
IFC announces preliminary measures to address CAO complaints regarding Uganda's Bujagali dam, as project receives WBG refinancing boost.
Dam - supported by World Bank from 1985-1993 - formally opened by Indian Prime Minister despite resettlement being incomplete.
