Oil Change International
FOR IMMEDIATE RELEASE
Bronwen Tucker, Oil Change International: bronwen[at]priceofoil.org
Kate Geary, Recourse: kate[at]re-course.org
Jacey Bingler, Urgewald: jacey[at]urgewald.org
Civil society organizations react to World Bank Climate Change Action Plan’s failure to end finance for fossil fuels
Today, the World Bank Group released its new Climate Change Action Plan (CCAP) for 2021-2025.
The CCAP represents a colossal failure to end the Bank’s long-standing support for fossil fuels.
The Bank has also rejected requests from civil society and World Bank shareholders for a public consultation on a full draft of the plan. The World Bank’s press release notes the Bank, “will regularly update its Board on the implementation of the Action Plan,” without providing further details of what aspects of the plan it will report on.
Climate and environmental crisis: Sorcerer’s apprentices at the World Bank and the IMF 23 December 2020 by
In December 2020, on the occasion of the fifth anniversary of the signature of the Paris Agreement on Climate, the UN General Secretary sounded the alarm because the situation has fundamentally worsened. In this article we analyze what the World Bank and the IMF have done in connection with the environmental crisis and climate change.
At the end of October 2006 Nicholas Stern, Adviser to the Government on the economics of climate change and development, handed Prime Minister Tony Blair a 500 page report on the consequences of the current climate change and measures to counteract this trend. In his report Nicholas Stern writes: “Climate change will affect the basic elements of life for people around the world - access to water, food production, health, and the environment. Hundreds of millions of people could suffer hunger, water shortages and coastal flooding as