The Chinese government is systematically trying to channel into and anchor its view of universal human rights in international institutions such as the UN Human Rights Council. A joint project of the human rights organizations Amnesty International and Urgewald has therefore identified ten important terms or phrases used by the Chinese government that are already on their way to becoming new standards.
• Wintershall Dea’s IPO delayed for undetermined amount of time
• Deutsche Bank, Morgan Stanley, Goldman Sachs in talks for IPO
• Wintershall engaged in controversial fossil business activities
Today, Allianz Global Investors (AllianzGI) released its first coal policy.[1] While implementing a coal policy was an important first step for the asset manager, the policy does not meet the standards needed for effective coal exclusion.
This week, festivities in Kemerovo, Russia, celebrate the 300th birthday of Kuzbass as a mining region. Meanwhile, most of the residents have nothing to cheer about. Kuzbass is a pollution hot spot. Tom River, where the first coal deposit was found 1721, is the most polluted water body in the area. “Black Sky” events, and with it black snow, are getting more common every year. Under those conditions it is no surprise that Kuzbass is a region with high cancer rates and is leading the country in infectious diseases.
The CCAP represents a colossal failure to end the Bank’s long-standing support for fossil fuels.
The Bank has also rejected requests from civil society and World Bank shareholders for a public consultation on a full draft of the plan. The World Bank’s press release notes the Bank, “will regularly update its Board on the implementation of the Action Plan,” without providing further details of what aspects of the plan it will report on.