Media Briefing World Bank involved in conflict of interest cases in Mozambique LNG development Maputo, Georgetown | June 24th 2020 , World Bank-funded law firms hired by government also advised oil majors Parallels between Bank’s conflict of interest cases in Mozambique and Guyana World Bank funding required government to adopt new petroleum laws
Press Release Germany Bankrolling the Fossil Fuel Industry by at least EUR 1.7 Billion a Year Washington, D.C. | May 27th, 2020 , New report updates analysis of G20 public financing for energy projects Germany decreased support for fossil fuels, leading in clean energy finance Still, Germany continues to provide a lifeline to fossil fuel projects
Press Release ExxonMobil AGM: Research reveals the banks that help keep staggering oil giant alive Dallas, Georgetown | May 21st, 2020 , Three US banks issued almost $40 billion in credit since 2015 HSBC, Barclays and Société Générale Europe’s biggest financiers of oil giant Exxon heavily criticized for flaring 2 billion cubic feet of gas in Guyana
Press Release Record cyclone hits Bay of Bengal: coal sponsored by China destroys natural safeguards Beijing | May 20th, 2020 , China as a sponsor of coal amplifies environmental destruction in Bangladesh Coal infrastructure destroys safeguards against cyclones like Amphan NGOs call for focus on renewables in the Bangladesh-China economic corridor
Press Release Deutsche Bank: Dirty Deals Damage the Bank’s Climate Credibility Frankfurt | May 18th, 2020 , New research: Bank recently issued a loan for Exxon worth USD 132 million Bank is highly involved in coal expansion via Japanese companies Increasing green finance contradicted by loopholes in fossil exclusion policies
Press Release Norway’s pension fund drops RWE, Glencore and ten other fossil fuel companies Oslo, May 13th 2020 , Seven oil companies excluded for producing unacceptable levels of emissions Five coal companies excluded for surpassing coal production thresholds Four companies placed on observation list for potential future exclusion