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• Department of energy announced moratorium on new coal plants
• This could result in the cancellation of over 13 GW of new coal plants
• Philippines currently have world’s 7th biggest coal plant pipeline

• Documentary sheds light on World Bank activities in Guyana
• The Bank got involved following one of the biggest crude discoveries of our time
• Exxon and a dozen other oil companies are hoping to extract more than 8 billion barrels of oil

• World Bank provides assistance and finance for fossils despite climate pledge
• Energy transition too slow to avert climate crisis
• Ongoing fossil fuel investments push world past 1.5°C global warming

• IFC has vowed to adopt the NGO’s coal exit criteria for Green Equity Approach
• The corporation urges clients to screen their coal exposure against the list
• Similar exit from oil and gas must follow immediately

A coalition of non-governmental organizations has criticized the 2020 Annual Meeting of the Asian Infrastructure Investment Bank (AIIB) for not allowing the participation of affected communities and civil society during the meeting that took place in late July.

5 years after its founding, the Chinese-led Asian Infrastructure Investment Bank (AIIB) still risks the wellbeing and livelihoods of people affected by its projects across Asia. In a joint press conference, NGO Forum on the ADB together with civil society organizations from Bangladesh, India, and Germany intend to shed light on the weak Human Rights and Environmental standards of the multilateral bank and give examples of harmful AIIB projects.