Bank Climate Advocates

HAPPENING NOW: Civil Society Policy Forum on the potential integration of the World Bank and IFC/MIGA accountability mechanisms to ensure complainants’ best interests

⚖️ Countries have a legal obligation to act on climate. The World Bank Group and other MDBs must also step up, by ensuring that policies & practices support member states to reduce emissions & pursue clean energy pathways. 🗞️ Here's how and why: globalcapital.com/article/2fgk76…

⛽ @ADB_HQ review risks locking in LNG & stranded assets. 🌱 Fund renewables, not harm. Read: tinyurl.com/ADBEnergyFailu…

While the @ADB_HQ Energy Policy Review is underway, remember: Critical minerals wealth flows North 🌍 — but the costs stay South: ❌ Water scarcity ❌ Land destruction ❌ Livelihood loss ADB must ensure a fair, accountable & just transition. READ: tinyurl.com/StopADBMining

⚠️ Lifting the nuclear ban with ZERO risk review? 🚫 @ADB_HQ is skipping science, law, and public input. 🌏 Asia deserves better. Read: tinyurl.com/ADBEnergyFailu…

🌏 Millions depend on @ADB_HQ’s energy decisions. But its rushed review ignores science, dodges climate law, & backs false solutions. Time to align with 1.5°C Read: tinyurl.com/ADBEnergyFailu…

🚨 @ADB_HQ is fast-tracking fossil fuels 🔥, lifting the nuclear ban ☢️, and skipping environmental reviews ⚠️. This isn’t climate leadership 🌍. It’s climate betrayal 💔. Read: tinyurl.com/ADBEnergyFailu…

Mozambique LNG is a known site of environmental and human rights violations – and the @EximBankUS approved billions of tax dollars to fund this project without proper environmental review, economic assessments, or public input. We're taking them to court.

🔥📢 Bank Climate Advocates sues U.S. Treasury for withholding IFC climate docs! 📄 BCA demands release of GHG impact & alternatives analyses for 13 high-emitting projects — crucial for 🌍 transparency & 🟢 Paris alignment. READ: tinyurl.com/mvaad2vv

World Bank Group guarantees — not as "green" as they seem?⚠️ New research shows how @MIGA guarantees are boosting big banks’ ability to invest in fossil fuels, including 🇲🇿 🇨🇦🇻🇳 LNG in Mozambique, Canada, Vietnam 🇦🇷 Oil & gas in Argentina bit.ly/MIGA25 #FfD4People

A historic deal to shift $41 billion per year out of fossil fuels to clean energy could be agreed tomorrow IF Türkiye stops blocking. @RTErdogan, @HMBakanligi - Türkiye must join with other countries & agree on an OECD deal to #StopFundingFossils: tinyurl.com/328knjeh

A historic deal to shift $41 billion per year out of fossil fuels to clean energy could be agreed tomorrow IF Korea stops blocking. @President_KR, @mofa_kr, Korea must join with other countries and agree on an OECD deal to #StopFundingFossils: tinyurl.com/328knjeh

.@vonderleyen, @WBHoekstra, @Keir_Starmer, @JustinTrudeau, @POTUS, we count on you to land an OECD deal that can free up $41 bn/yr in oil & gas finance for climate action. The time  is now, don’t waste this opportunity. tinyurl.com/328knjeh #StopFundingFossils.

.@KennethNanaAmo1: Korea, the world is watching. On December 10th, Korea can either join other countries in agreeing on a historic deal to end export finance for fossil fuels or hold back clean energy progress. Which will it be @moefkorea_eng @MOTIEKoreaEng @MOFAkr_eng?

The @WorldBank and #MDBs cannot be climate bankers while still being fossil fuel bankers. Big Shift members on the ground at #COP29Baku react to the MDBs' joint announcement on #climatefinance Read our press release here - bigshiftglobal.org/mdbs-cannot-be…

Today the development banks meet at #COP29 to celebrate "transformative climate action" But we looked into what they counted as climate finance in 2023, and found problematic projects & failed prioritisation Findings in thread 🧵 Press release & report👉bit.ly/COP29cf

Join US Tomorrow at #WBGMeetings we’ll be discussing @MIGA - the importance of guarantees and their impact in the context of the @WorldBank Evolution Roadmap & existing evidence of MIGA’s social and environmental impact

🚨TOMORROW at #WBGMeetings we’ll be discussing @MIGA - the importance of guarantees and their impact in the context of the @WorldBank Evolution Roadmap & existing evidence of MIGA’s social and environmental impact JOIN US!⤵️

📍#WBGMeetings The World Bank's private sector arm, @IFC_org, has an obligation to prevent its finance from contributing to climate change harms. What standards should it be holding itself to? Join us today for a panel with civil society, UN & IFC. ⏲️14:15-16:00 🏢 I 2-220

❗Our reply to @EBRD president's soft touch on fossil fuels is in @Euractiv! "The idea that public money is vital to support an industry where the top 5 companies alone made a profit of USD$111bn last year is questionable."