Over 120 groups have a signed a statement opposing the World Bank’s Clean Investment Funds. To see the statement and supporting materials, please visit http://www.endoilaid.org/wbcif

The World Bank’s proposed Climate Investment Funds (CIF) are stirring controversy among governments and NGOs, largely because of the Bank’s record as the world’s largest multilateral lender for fossil fuels. NGOs are especially concerned that the top-down, donor-driven funds will conflict with and undermine parallel efforts under the auspices of the UN’s Climate Convention.

Bangkok statement on wbg climate funds

World Bank Climate Funds Primer From TWN

In the New York Times Science blog Dot Earth, Andrew Revkin writes that “the scope of oil aid was revealed last December at the climate talks in Bali.” He goes on to cite our “Aiding Oil, Harming the Climate report “criticizing the World Bank and other international development institutions for subsidizing the expansion of oil and gas industries in various ways adding up to $63 billion since 2000.” Visit Dot Earth to read and comment on the article.