Explainer: Latest data shows the World Bank Group and its peers are still locking in a fossil future
Ahead of the 2023 World Bank Spring meetings, we have compiled the major MDBs' 2022 energy finance data for the first time.
Blog
Read the latest insights and analysis from the experts at Oil Change International.
Scarce Progress and Serious Disagreements: Another UN Climate Summit Draws to a Close
As yet another UN climate summit draws to a close without showing any real sense of urgency commensurate to our climate emergency, campaigners have criticised the UN process for being in a “parallel universe" and being riddled with conflicts.
UK Parliamentarians call for “radical action” placing climate change at centre of aid spending
An influential British parliamentary committee has castigated the UK Government - which is paralysed by Brexit – for failing to respond adequately to the climate crisis as well as failing to reflect the urgency of that crisis in the way it funds development and climate-related projects abroad.
Toppling the Pillars
The World Bank's pledge to end all upstream investment in the oil and gas sector by 2019 topples a key pillar holding up the social license around the fossil fuel industry.
Even after Paris, World Bank continues to fund climate chaos
A new briefing shows that about one-quarter of multilateral development banks’ energy investments between fiscal years 2014 and 2016 flowed to fossil fuel infrastructure, directly at odds with efforts to fight climate change.