An excellent and insightful report by my colleague Marj Pamintuan 👇

Recourse@re-course.org · last yr.

World Bank Group guarantees — not as "green" as they seem?⚠️ New research shows how MIGA guarantees are boosting big banks’ ability to invest in fossil fuels, including 🇲🇿 🇨🇦🇻🇳 LNG in Mozambique, Canada, Vietnam 🇦🇷 Oil & gas in Argentina Find out more: bit.ly/MIGA25 #FfD4People #FfD4 #WorldBank

A new "Tropical Forest Forever Facility" is expected to launch at #COP30. But can the #TFFF really protect forests & the rights of those who call them home? 40+ orgs sent these concerns👉 rainforestfoundationuk.org/a-new-multi-billion-dollar-fund-could-be-a-lifeline-for-the-worlds-besieged-forests/

A new multi-billion dollar fund could be a lifeline for the world’s besieged forests. But it will only succeed if concerns surrounding it are addressed. - Rainforest Foundation UK

In 2024, the world lost almost 6.7 million hectares of tropical primary forest: the fastest rate ever recorded. The world’s forests are still falling prey to mining, logging and agriculture, but as th...

rainforestfoundationuk.org

Annual Report drop! In 2⃣0⃣2⃣4⃣, we worked with partners and coalitions around the world to advocate for stronger accountability mechanisms, call for better climate finance, and influence international financial institutions. Read about all this and more in our Annual Report 👉 bit.ly/A-R-2024

Why is our aid money *still* invested in fossil fuel assets? No wonder the government is trying to keep this secret. As I argue here, this is trapping poorer countries into a type of energy which is on its way out, all the while profiting fossil fuel companies.

Carbon Brief@carbonbrief.org · last yr.

NEW – Revealed: UK development body still has $700m invested overseas in fossil-fuel assets | @joshgabbatiss.bsky.social w/ comment from @nataliejones.bsky.social @nickdearden.bsky.social Read here buff.ly/4OOzhf1

"Willis tells Carbon Brief that these investments and the continued payments from existing commitments “clearly go against the spirit of the UK government’s fossil fuel policy”." Very pleased to speak to @joshgabbatiss.bsky.social about this fantastic investigation into BII's fossil fuel assets 👇

Carbon Brief@carbonbrief.org · last yr.

NEW – Revealed: UK development body still has $700m invested overseas in fossil-fuel assets | @joshgabbatiss.bsky.social w/ comment from @nataliejones.bsky.social @nickdearden.bsky.social Read here buff.ly/4OOzhf1

⭐ Join our remote team ⭐ We are hiring a Campaign Manager to focus on sustainable renewables in the just energy transition. It's an exciting & challenging role involving research, advocacy, teamwork, and collaboration with partners around the world. Details👉 re-course.org/jobs-at-reco... #NGOjobs

Despite the Asian Development Bank's commitment global climate goals, its technical assistance is still supporting #FossilGas — a highly polluting fossil fuel that is risky for economies, communities and the environment. 📽️ Rajneesh Bhuee #ADBAnnualMeeting @adb.org 📃Read the briefing bit.ly/ADB-TA25

Technical assistance: A small share of Asian Development Bank financing, but a huge influence on economic policies and energy pathways in developing countries It's time the @adb.org excluded #FossilGas from all forms of financing Read the briefing 📑 bit.ly/ADB-TA25 #ADBNews More 🧵

The Asian Development Bank has committed substantial funding to renewables 💰, but much of this is high-risk or unclear projects, and may prolong fossil fuel reliance ⚠️ A new assessment of the bank's progress on the just energy transition is available now: bit.ly/BoR-25 #ADBNews More in thread 🧵

"Cruelty is the central tenet of right wing ideology. It is at the heart of everything they do. They are now quite willing to lose money or their lives in order to make the world a crueller place, and AI is a part of this" newsocialist.org.uk/transmission...

AI: The New Aesthetics of Fascism

It's embarrassing, destructive, and looks like shit: AI-generated art is the perfect aesthetic form for the far right.

newsocialist.org.uk

💰 A new review of @ifcorg.bsky.social's Sustainability Framework can help make trillions of $ of finance more responsible. 📖 @kategeary.bsky.social and I wrote for @devex.com on why IFC must use this opportunity to introduce a new safeguard on financial intermediary lending 👇 tinyurl.com/aw4h3dx3

Opinion: IFC standards review is chance for more responsible global finance

A review of the International Finance Corporation’s sustainability standards offers a chance to improve trillions in development funding, making global finance more socially and environmentally respon...

tinyurl.com

The IFC is reviewing its Sustainability Framework, a move that could impact $4.5 trillion in financial flows. Kate Geary and @djw14.bsky.social from @re-course.org argue the review could help ensure investments are more environmentally and socially responsible. #finance #investment #opinion

Opinion: IFC standards review is chance for more responsible global finance

A review of the International Finance Corporation’s sustainability standards offers a chance to improve trillions in development funding, making global finance more socially and environmentally respon...

devex.com

Today, civil society groups will meet with the Asian Development Bank to discuss critical minerals for the #EnergyTransition These minerals (eg lithium, nickel, bauxite) are vital components of clean energy technologies. But how they are mined, and who benefits, matters. #JustMinerals 💎🧵

The brilliant Anna Marriott on the scandal of aid money (including British aid) being used to support profiteering private hospitals which leaves patients untreated, imprisoned and indebted. This must end! m.youtube.com/watch?v=vLSC...

The Hospitals That Won't Let Patients Go Home

YouTube video by Bloomberg Originals

m.youtube.com

“Astonishing and, frankly terrifying” - hottest Jan on record shocks scientist as emerging La Niña fails to dampen record temperature on.ft.com/3WQI51X with @janatausch.bsky.social

Thank you @kmilb.bsky.social and Nadia Idle for inviting me onto #ACFM and covering the global south debt crisis. It's the biggest debt crisis in 30 years and the global movement is mobilising for action this year, join us to win debt justice @debtjustice.bsky.social: www.debtjustice.org.uk/2025

Keir Milburn@kmilb.bsky.social · 2y ago

On this new #ACFM Nadia Idle and I follow our recent episode on the meaning and morality of personal debt by looking at sovereign and global debt. We interview @heidichow.bsky.social from Debt Justice who explains with total clarity how global debt is used to continue colonialism by other means.

The World Bank’s IFC has submitted its response to an investigation that found evidence of grave human rights violations at the Salala Rubber Corporation that it funds in Liberia, reports @mongabay.bsky.social: news.mongabay.com/2025/02/no-j... #Socfin #Bolloré

Shocking vandalism. Incredibly worrying for what the next four years will look like for multilateralism.

Devex@devex.com · 2y ago

BREAKING: All USAID staff cut from agency, marking the end of the world’s largest donor. It’s the final gutting of an agency that two weeks ago, employed more than 10,000 people across the world. www.devex.com/news/all-usa...

Corporations say they care about climate but are using loopholes to conduct business as usual. The latest loophole: sustainability-linked loans. $286 BILLION of these loans were given to polluting industries, like fossil fuels, mining, and agriculture. www.theexamination.org/articles/how...

🚨 Our latest research from @re-course.org on how IFC is financing environmental and social harms in Vietnam 👇 #StopFundingFossils #EndCoalFinance

Recourse@re-course.org · 2y ago

🇻🇳 The International Finance Corporation is indirectly facilitating a wave of #coal projects in Vietnam, that will breach the coal capacity limits agreed under the country's just transition deal. 🚨 Yet another case of an IFC financial intermediary supporting new coal. New research 👉 bit.ly/IFC-coal

💰 A classic example of the problem with financial intermediary lending, which hands power over development to profit-driven private banks. Proud of Recourse's work to stand in solidarity with affected communities in the Philippines, to stop IFC sweeping this historic case under the carpet 👇

Recourse@re-course.org · 2y ago

🇵🇭 The World Bank's private sector arm, the IFC, is attempting to bury its own evidence of harms it caused by backing coal in the Philippines via private bank RCBC Communities + civil organisations are now calling for direct contribution to remedy for communities ✊ tinyurl.com/bxpdzpw7 @devex.com