Press Releases & Media Infos

Press Release

Today, the World Bank Group released its new Climate Change Action Plan (CCAP) for 2021-2025.

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.

Media Briefing

World Bank Assistance linked to new major oil investment in Brazil

Washington D.C., Brasilia | June 15th, 2021
  • Exxon and Equinor announce $8 billion investment in Brazil’s pre-salt oil fields
  • World Bank provided assistance to market investments in Brazil’s pre-salt oil fields
  • First field in the pre-salt area to be developed by international oil companies
  • World Bank-proposed new Climate Change Action Plan fails to end Bank policy-based lending that drives new fossil fuel investments