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Ute Koczy, World Bank campaigner at Urgewald, comments on the nomination of US Treasury Under Secretary David Malpass as the next President of the World Bank Group, which was reported by insiders:

"This way of determining the next World Bank President perpetuates an unfortunate tradition: ruthlessly and exclusively in the interest of the US government. The selection committee is already useless before it could even begin with interviewing possible candidates..."

Urgewald Human Rights Campaigner Knud Voecking comments on the resignation of World Bank President Jim Yong Kim: 

"Here goes a president weary of office. Kim's growing reluctance to properly run his office was obvious in recent months. His direct move into the investment industry without any 'cooling off' is a scandal."

•    Japanese banks top lenders, Chinese banks top underwriters

•    US companies biggest institutional investors

On December 5th during the 2018 UN Climate Summit in Katowice, BankTrack and Urgewald will publish new data exposing which banks and investors are financing the world’s top 120 Coal Plant Developers. The NGOs' research covers the period between January 2016 and September 2018 and shows that global financial institutions are undermining the Paris Climate Goals by still supporting the expansion of the world's coal plant fleet with almost USD 480 billion.

•    Study shows major banks and investors

•    Climate-responsible companies are already excluding RWE 

•    High risks for investors due to RWE’s rigid coal strategy

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.”