The World Bank continues to indirectly finance some of Asia’s largest coal developers despite its pledges to stop doing so and align with the Paris Agreement, according to a new…
Some of the world’s largest banks and financial institutions are helping to finance beef companies linked to the destruction of the Paraguayan Gran Chaco, according to a report published by…
Indonesia's plans to develop a coal gasification industry have been thrown into doubt following the withdrawal of a major foreign investor. During an investor call in late March, U.S.-based Air…
JAKARTA — Indonesia's four largest banks handed out loans totaling $3.5 billion of direct loans to the coal industry from 2015-2021, despite their stated commitments to sustainable financial practices, a…
DHAKA — Wasim Ali, 45, lived in one of the 55,000 houses destroyed by the deadly Super Cyclone Amphan in May of 2020. The tropical storm whipped up a tidal…
The deforestation sweeping across the Brazilian Amazon is driven largely by industrial agriculture, mining and cattle ranching. But those activities wouldn’t be possible without heavy machinery like bulldozers and tractors,…
JAKARTA — Major coal-fired power plant projects in Indonesia and Bangladesh have effectively been cancelled after the Japanese government, their main funder, recently announced it would stop providing loans to…
JAKARTA — The United Nations has reiterated its concerns over allegations of human rights violations in a mega infrastructure tourism development project on the Indonesian island of Lombok. In light…
JAKARTA — A surge in coal prices is driving a wave of bank loans to miners in Indonesia, the world's fifth-largest coal producer and top exporter. By continuing to finance…
The Bill & Melinda Gates Foundation along with a number of prominent U.S. university endowments are among the top investors in a troubled set of oil palm plantations in the…
In February, JPMorgan, the biggest bank in the U.S., organized an online event on "The Amazon rainforest and you," promoting sustainable investment. Now, a new report says the bank reaped…
The recent arrests of staff of a Ugandan civil society organization, the Africa Institute for Energy Governance (AFIEGO), have been criticized as an attempt to stifle defenders of human rights…
JAKARTA — Consumer goods behemoths such as Unilever, PepsiCo and Nestlé that buy palm oil from Indonesia may be exposed to the environmental and social fallout from a seemingly unrelated…
U.S. and European banks are invested in oil extraction that threatens the Amazon biome, and their environmental and social risk (ESR) policies aren’t strong enough to prevent its worst impacts,…
The world’s 50 largest financial institutions increased their investments in deforestation-linked commodity companies by more than $8 billion since the early months of the Covid-19 pandemic, a new report has…
Chinese banks and investors funneled billions of dollars into global agribusinesses driving deforestation in the past seven years, according to new analysis published by eco-watchdog Global Witness. The report, released…
National and international NGOs from around the world have asked more than two dozen banks not to finance a 1,445-kilometer (898-mile) pipeline to shuttle oil from fields in Uganda to…
Exchange-traded funds, or ETFs, have swept through the financial world, building to a collective worth of $6.7 trillion by the second half of 2020. An ETF is a sort of…
Brazil’s biggest beef companies have been directly linked to more than 17,000 hectares (42,000 acres) of illegal deforestation in the Amazon state of Pará. According to a recent investigation by…
Some of the world’s biggest banks have invested US$153.2 billion in forest-risk companies in Brazil, Southeast Asia, and Central and West Africa since the Paris Climate Agreement was signed in 2016.
Since the Paris climate agreement was signed in 2016, 300 companies at risk for contributing to deforestation have received at least $153.9 billion in financing, according to a new analysis…
Note: CIMB has issued a response to this piece. It’s that time of the year: Indonesia is burning once again. Miles and miles of primeval forest are being lost to…
The use of coal as an energy source is steadily declining in the U.S. and Europe, but coal mining and the construction of coal-fired power plants continues across South and…
A pork and chicken producer has expanded its operations in northern Ecuador with the help of funding from the World Bank's commercial lending arm, despite sustained complaints from local communities…
MANILA — Development banks and other investors are fueling the violence against people in the Philippines who are protecting their land and environment from destructive industries, eco-watchdog Global Witness reveals…
Dutch banks ABN AMRO, ING and Rabobank are failing to inform their customers that investment funds they offer include shares in palm oil companies damaging the environment in Indonesia, according…
On Sept. 19, Indonesian President Joko Widodo slapped a three-year moratorium on the issuance of new licenses for oil palm plantations. The moratorium was introduced to “improve governance of sustainable…
The owner of Indonesia’s largest conglomerate has been accused of participating in the illegal deforestation of Borneo’s Ketungau peat swamp to make way for oil palm plantations. The Salim Group,…
On June 21 last year in Sarawak, Malaysia, opposition politician and indigenous rights campaigner Bill Kayong was shot dead through the window of his pickup truck as he waited at…
olivia’s TIPNIS Highway — defeated by mass protests from indigenous groups and environmentalists — rates as one of the most controversial Latin American construction projects of recent years. The role…
