An investigation by an International Finance Corporation (IFC) internal watchdog has found that a tailings dam planned for a zinc adn lead mine being developed in North Sumatra poses “extreme” risks.
A controversial oil project that would connect oilfields in a Ugandan National Park to a port in Tanzania breaches global environmental guidelines for banks, according to a new nonprofit report Tuesday.
Despite the World Bank’s 2013 pledge to stop funding coal, IFC lending via commercial banks and other financial intermediaries continues to allow backdoor support for coal projects like those in Bataan.
In a week when seven more financiers publicly distanced themselves from backing the East African Crude Oil Pipeline (Eacop), executives from the Ugandan government and oil companies remained confident that the financing package for the project — which is key to the commercialisation of Uganda’s oil — is on the home stretch and will be tied up in two months.
Four months after starting work at Marsh McLennan, a young woman stood up in a ballroom where hundreds of employees had gathered for an away day and asked what the company was going to do about its fossil fuel work.
S&P Global gave a top sustainability award and a perfect score on human rights to Thai sugar giant Mitr Phol despite being repeatedly warned that the company was linked to land-grabbing and involuntary resettlements.
