Look out for loopholes👀
IFC & World Bank’s funds leak to coal, gas & other damaging fossil fuel projects through financial intermediaries. These loopholes must be closed & remedy given to affected people.

See: bit.ly/4atP6L1 #SpringMeetings #StopFundingFossilFuels

.World Bank President Ajay Banga said he'd meet Aaron Pedrosa from Philippine Movement for Climate Justice over 6 months ago, to discuss PMCJ's case against IFC's funding a #coal boom in Philippines

👉A meeting has not yet happened
👉Remedy is yet to be provided

@acctresearchctr Philippine Movement for Climate Justice Ron Pedrosa IFC

CAMPAIGN WIN: UK quits the #EnergyCharterTreaty 🎉A huge win for people power. We've defeated fossil fuel companies’ secret weapon to block climate action - and dealt a blow to the whole system of corporate courts that put corporate profits over people and planet.

🔥 BREAKING: The UK has announced it will leave the climate-wrecking #EnergyCharterTreaty !

People up and down the country have campaigned tirelessly to help expose this obscure trade deal.

A massive thank you to everyone who's been part of it 🎉

independent.co.uk/climate-change…

👉Come and join Recourse as Communications Lead to help increase Recourse and our partners’ capacity to influence, champion justice, inclusivity, sustainability, & global collaboration! Deadline 13 Feb

Take a look - full job description here: bit.ly/3vV4zUV 👀

“Reports of the death of coal financing by the World Bank Group are, contrary to President Banga’s claims, exaggerated.” 🔥

Daniel Willis and Novita Indri Trend Asia show how Paris alignment loopholes are still allowing IFC to finance coal projects. 👇

brettonwoodsproject.org/2023/12/coal-n…

Into #COP28 'endgame' hours and all eyes are on the language around fossil fuels and renewable energy. The latest text is 21 pages that are supposed to alter the course of history, but the 'course correction' promised by COP President looks to be running aground. Here's why ⬇️

It's never been clearer that providing finance is not only an ethical imperative, it's also a climate imperative. If we must play a blame game, let's point the finger at thole developed countries that have been consistently failing this imperative. #COP28 #GlobalStocktake (6/6)

“The US and UK militaries owe at least $111BN in reparations to communities most harmed by their planet-heating pollution, a first-of-its-kind study calculates.” #NoWarNoWarming theguardian.com/environment/20…

Recourse is hugely disappointed that the #TC5 proposal to COP28 UAE for #LossandDamage Fund says its ‘interim host’ will be World Bank, see our statement:
re-course.org/newsupdates/re…

1/10.📢It is day two of the fifth meeting ( #TC5 ) of the Transitional Committee (TC) of the #LossAndDamage Fund in Abu Dhabi, in the United Arab Emirates 🇦🇪. The new text for the #LossAndDamage Fund is out and it is totally ⛔️ unacceptable!

🔗Read it here: unfccc.int/sites/default/…

IFC slammed by its own watchdog for ignoring child sex abuse allegations devex.com/news/ifc-slamm… #Devex via @Devex David Pred CAO IFC Accountability Counsel Oxfam International Bridge ActionAid UK Dominique Favre

Several experts confirm Hamas’ view to Channel 4 News that the audio tape of “Hamas” operatives talking about the missile malfunction is a fake . They say the tone, syntax, accent and idiom are absurd.

Our team and partners attending the Annual Meetings of the IMF and World Bank in Marrakech joined the The Big Shift Global today to demand the two institutions stop funding fossil fuels. Power to the people.

🚨 BREAKING 🚨

39 NEW coal projects in China, Indonesia and Cambodia are receiving back door funding from the IFC, private lending arm of the World Bank 🏭

New research published today by Recourse, Inclusive Development International and Trend Asia

👉 tinyurl.com/yckrbcep

.AIIB spent over $44 billion in the last 7 years but has not yet accepted a single complaint to its accountability mechanism.

Time to fix roadblocks to accountability in its PPM review #AIIBannualmeeting Accountability Counsel Inclusive Development International tinyurl.com/2uwpavss 1/4

When fully built, Java 9 and 10 will add 2000MW of new coal power and will release an estimated 250 million metric tons of carbon dioxide into the atmosphere over their 30-year lifespan.

reuters.com/sustainability…

The CAO, the IFC ombudsman, will now assess the harms caused by the project.

Communities want the project stopped or retired early and are calling for reparations, but will need continuing support and solidarity to ensure this happens ✊

eco-business.com/news/indonesia…

🚨 BREAKING 🚨

Communities in Indonesia, supported by Trend Asia Recourse and Inclusive Development International, have filed a formal complaint regarding World Bank Group funding of two new MASSIVE and unnecessary coal plants in Java. ✊

Read more here 👉 tinyurl.com/5n7kc6f8
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