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•    Large-scale Study on 675 Active World Bank Energy Projects

•    21 Billion Dollars for Fossil Fuels, Only 7 Billion For Clean Renewable Energy 

•    Bank Must Stop Supporting Fossil Industries and Advocate an Upstream Carbon Tax for Fossil Exploration and Extraction 
 

•    AIIB President can decide about many projects on his own
•    Standards of other multilateral banks not met
•    China could abuse bank for its geopolitical interests
 

A new analysis by Urgewald, the German human rights NGO, finds that the World Bank is still resettling people in many of its development projects. Altogether, Urgewald screened 1,920 projects approved by the World Bank in its last 4 fiscal years (FY). From 37.2% to 40.1% of the projects were connected to the World Bank resettlement policy.

Four days before the Intergovernmental Panel on Climate Change (IPCC) puts forward its special report on 1.5°C, NGOs have released a new list of the world’s top 120 coal plant developers. “Building new coal plants is an assault on the Paris climate goals,” says Heffa Schuecking, director of the German environment NGO Urgewald. “Our list names the top companies investors and banks need to shun if they are committed to limiting our planet’s temperature rise.”

Vladimir Slivyak, one of Russia's most prominent environmentalists and winner of the Right Livelihood Award, has been classified as a “foreign agent” by the Russian Ministry of Justice. The reason given by the Russian authorities is that he spread “false information” about Russia's armed forces in the war in Ukraine. 

•    Wintershall Dea’s IPO delayed for undetermined amount of time
•    Deutsche Bank, Morgan Stanley, Goldman Sachs in talks for IPO
•    Wintershall engaged in controversial fossil business activities