Press Releases & Media Infos

• Climate finance experts reveal major loopholes in hundreds of financial institutions' coal policies
• New online tool exposes banks, insurers, asset owners and asset managers with no restrictions on coal
• Weak policies could lead to expansion of coal industry if left unchecked

• Siemens Spin-off will heavily rely on risky fossil projects around the world
• Israeli politicians and municipalities oppose new gas-fired power plant
• Coal-fired power plant in Indonesia harms climate and health of inhabitants

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.

 

• Bank intends to reduce financing for coal, oil & gas
• No more business with majority coal mining companies from 2025 on
• Coal giants like Glencore and RWE could still remain clients

• IEA-IMF's "Sustainable Recovery" plan would help bail out oil & gas companies
• Cost to curb pollution should be covered by oil companies, not tax payers
• Climate finance from World Bank used to benefit oil majors