❗Our reply to The 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."

📍#WBGMeetings The World Bank's private sector arm, IFC, 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

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

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

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

The World Bank 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…

.Kenneth Nana Amoateng: 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 MOEF - Korea @MOTIEKoreaEng MOFA?

A historic deal to shift $41 billion per year out of fossil fuels to clean energy could be agreed tomorrow IF Korea stops blocking. 윤석열 Yoon Suk Yeol, 대한민국 외교부 MOFA_KR, Korea must join with other countries and 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 Türkiye stops blocking. Recep Tayyip Erdoğan, T.C. Hazine ve Maliye Bakanlığı - Türkiye must join with other countries & agree on an OECD deal to #StopFundingFossils: tinyurl.com/328knjeh

.Ursula von der Leyen, Wopke Hoekstra, Keir Starmer, Justin Trudeau, President Donald J. Trump, 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.

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

🔥📢 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

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

🚨 Asian Development Bank 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…

🌏 Millions depend on Asian Development Bank’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…

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

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

While the Asian Development Bank 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

⚖️ 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…

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