Infrastructure

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.

6 April 2022
Ecosistemas advocates protest against Alto Maipo project before IFC building.

Accountability

Commentary

Alto Maipo: Harms endure due to MDBs' lack of proper due diligence

World Bank and Inter-American Development Bank's reactive independent accountability mechanisms cannot address harms caused by lack of proper due diligence in Alto Maipo.

9 December 2021 | Guest comment

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.

9 December 2021

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

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.

22 September 2021

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.

22 September 2021

Infrastructure

News

Nigerian CSO denounces increase in energy tariffs linked to World Bank-backed reforms

World Bank’s backed energy reforms in Nigeria set to raise electricity prices further despite amid Covid-19 pandemic.

17 September 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

Infrastructure

News

World Bank technical assistance and policy lending lead to Jamaica gas lock-in

Bank support facilitated $1 billion in private investment in LNG on the island, despite the green credentials of natural gas being widely debunked.

23 March 2021

Environment

News

Eni files ICSID arbitration request linked to controversial Nigeria oil deal

Case continues troubling trend of increased ISDS claims from fossil fuel industry.

10 December 2020