Environmental groups have submitted a formal complaint to the World Bank for providing financial support for two coal-fired power plants in Indonesia, violating a pledge to stop backing fossil fuels.
Suralaya coal plant under fire for expansion project thejakartapost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thejakartapost.com Daily Mail and Mail on Sunday newspapers.
The bank is a backer of the Suralaya coal-fired power complex, which is the largest in southeast Asia, and plans to build 2 more would emit 250 million tons of CO2.
Green groups slam World Bank for backing Indonesian coal plants marketscreener.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from marketscreener.com Daily Mail and Mail on Sunday newspapers.
Coal-fired Power Plants: The World Bank s private sector subsidiary, the International Financial Corporation (IFC), is an indirect backer of the Suralaya coal-fired power complex via its equity investment in Hana Bank Indonesia, one of the project s financiers, a coalition of green groups said on Thursday.