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Homes of Sengwer people stand burning in Embobut, Kenya. Photo: Forest Peoples Programme.

World Bank 'failing to protect Kenya forest dwellers'

John Vidal / The Guardian

30th September 2014

The eviction of Kenya's Sengwer forest people in a World Bank financed project was a failure of the Bank's duty to protect indigenous people, according to an internal report. The Bank's directors are to decide on how to respond today - but if they follow their own management's advice, the evictions will continue. more...
Many investors are already convinced: the Fllod Wall Street demo, 22nd September 2014. Photo: Resa Sunshine via Flickr.

Billionnaires against fossil fuels

Ruth Lumley / Trillion Fund

27th September 2014

The movement to divest from fossil fuels is gaining strength, writes Ruth Lumley, with $50 billion of institutional investment behind it. This week's news that almost $1 billion of Rockefeller money is moving from fossil fuels to clean energy shows that the world is changing faster than most ever imagined. more...
Falling costs make renewables such as solar energy competitive in the US without subsidy. Photo: US Bureau of Land Management via Wikimedia Commons.

Investor heavyweights call for climate action

Kieran Cooke

23rd September 2014

At the UN climate summit in New York today, institutional investors managing $24 trillion of assets are demanding stronger, more ambitious policies on climate change, writes Kieran Cooke. These include an effective carbon price and an end to fossil fuel subsidies. more...
The Edmonton waste-to-energy incinerator in North London is the largest in the UK, and produces up to 55MW of power. Photo: Fin Fahey via Flickr.

PFI waste incinerator contracts burn more money than rubbish

David Hall / The Conversation

22nd September 2014

A Parliamentary report reveals that £200 million has been wasted on failed 'public-private' PFI projects for waste management, writes David Hall. The obvious solution: to allow local authorities to build and operate their own, which is cheaper and more flexible. The only problem: under UK government rules, it's PFI or nothing. more...
A group of Dayaks photographed on Borneo in 1910. The Indonesian government no longer recognises the People as 'indigenous', which may rob modern day Dayaks of protection against World Bank financed development projects.

World Bank to roll back safeguards for indigenous people

Irin News

16th September 2014

The World Bank is considering 'reforms' to its policies to protect indigenous peoples from the impacts of projects it finances that would devolve key decisions to national governments - such as whether an ethnic group is 'indigenous' at all. If passed by the Bank's Board, the changes would strip away a raft of essential human rights protections.. more...
Hunter Lovins. Photo: Joi Ito via Flickr.

Wild horses, Hunter Lovins, and the way to a better world

Sophie Morlin-Yron

10th September 2014

Hunter Lovins is on a mission, writes Sophie Morlin-Yron: to put the transformational technologies we already have to work for the benefit of people and business - and to re-create the economy so it's no longer a machine for polluting the planet and devouring natural resources, but a mechanism for building and sustaining natural and human capital. more...
Could this ancient woodland be 'offset'? Or better still, transformed into a new asset class for speculative investment? Ashridge Forest, Hertfordshire, England in the late autumn. Photo: ukgardenphotos via Flickr.

Nature as an 'asset class' - the free market's final frontier?

Alex Scrivener

14th September 2014

Plans to create a market in nature itself are fraught with danger, writes Alex Scrivener. Biodiversity offsetting could allow the fate of our forests, rivers, meadows and wildlife species, and the people who depend on them, to be determined by the whims of multinational corporations and speculative investors. more...
Konstantin Rubakhin is currently in hiding. Photo: Konstantin Rubakhin.

Western sanctions could help Russia's environment - but will they?

Konstantin Rubakhin

19th September 2014

Sanctions against Russian natural resource tycoons could be good for the environment, writes eco-campaigner Konstantin Rubakhin - if only they would target the right people. But so far, the EU has been turning a blind eye to powerful Kremlin insiders with an open licence to pollute and destroy. more...
The world's first offshore deployment of two-bladed wind turbines, and Britain's first tidal power array, are both moving forward in Scotland's seas. Images: Crown Estate.

Scotland's double first: tidal array and twin-bladed offshore wind turbines

The Ecologist

29th August 2014

Two innovative renewable energy projects are moving forward in Scotland: Britain's first tidal power array, and the world's first deployment of two-bladed wind offshore turbines. The experimental technologies are hoped to achieve significant cost savings and unlock a huge offshore energy resource. more...
Time for climate solutions! Protest on the Dufourspitze. Photo: Greenpeace Switzerland via Flickr.

We can win on climate change - but without the UN

Assaad W. Razzouk

5th September 2014

Prospects for a global climate deal under the UN are receding fast, writes Assaad Razzouk, as the Green Climate Fund is short-changed by donor nations. But there's still plenty to hope for with a private sector that's stepping up to the mark, and fast-growing decentralised climate action. more...
Torched Senger home. Photo: Justin Kenrick.

World Bank and UN carbon offset scheme 'complicit' in genocidal land grabs

Nafeez Ahmed

20th August 2014

The plight of Kenya's Sengwer people shows that carbon offsets generated by 'sustainable' forest management are empowering a corporate recolonisation of the South backed by the World Bank against its own guidelines, writes Nafeez Ahmed. Indigenous forest peoples are at risk of genocide while corporations let rip. more...
Shu takes to the megaphone to get her message across - water is a human right! Photo: Detroit Water Brigade via facebook.com/waterbrigade .

Detroit: what happens when water is a commodity, not a human right

Pete Dolack

19th August 2013

The shutoff of water to thousands of Detroit residents, the proposed privatization of the water system, and the diversion of the system's revenue to banks are possible, writes Pete Dolak, because water - the most basic human need - has become a means to extract profit from the City's people. more...

Finance: 1/25 of 72
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As far as REDD is concerned, this eucalyptus plantation in South Africa is as good as - or even better than - a natural forest of native species. Photo: Chris Lang via Flickr.

REDD - destroy the forests, seize the profits, blame the victims

Chris Lang

7th August 2014

The World Bank's 'Tropical Forest Action Plan' was an abject failure, writes Chris Lang. Now the same mistakes are being repeated under a new acronym. TFAP is out, REDD is in - but it's still all about corporate control of forests, and blaming deforestation on its victims. more...
Westmill Solar Park, Oxfordshire, is the world's largest community owned solar installation. Rated at 5MW, it covers 30 acres. Photo: Richard Peat via Flickr.

Will the carbon bubble burst your pension?

Rebecca O'Connor

8th August 2014

What's the biggest threat to your life savings you've never heard of? Rebecca O'Connor shows how the world's exposure to unburnable carbon assets, and competition from clean energy technologies, could hammer your savings, pensions and investments. more...
Dark clouds gather over a sunset industry - represented by a Chevron oil tanker. Photo: Jamie Grant via Flickr.

Fossil fuels the 'new sub-prime crisis'

Nathan Wood

14th July 2014

The UK's conservative Daily Telegraph warns: investors in fossil fuels are 'throwing good money after bad', reports Nathan Wood, as renewable energy takes off leaving a potential $19 trillion of oil assets 'stranded'. more...
Luke Marion, installer Chris Jardine and Barbara Hammond connect the 140kW scheme's last panel, completing Oxford's biggest solar installation.

Pioneering community renewables in Oxford

Wendy Twist

11th July 2014

A partnership between an Oxford-based social enterprise and the local Council provides a blueprint for financing community energy projects, writes Wendy Twist. And with £2.3 million in the bank, things are really starting to move ... more...
If this water was money ... Photo: loopzilla / CC BY-SA.

Soaking the customer - Thames Water's £4 billion sewage money grab

John Allen & Michael Pryke

4th July 2014

Using sophisticated financial engineering, Thames Water is making its customers pay almost the whole cost of its £4.2 billion London sewage tunnel. Is it time England ditched corporate ownership of its utilities and adopted Wales's 'non-profit' model? more...
No water for 6 weeks despite paying my bill. 3 children, single parent, full-time student. Photo: Nicole via Facebook.

We must support Detroit's fight for the right to water

Justin Wedes

4th July 2014

Detroit is shutting off water to 40% of residents to prepare the water system for a corporate buyout, writes Justin Wedes. Residents are organizing to resist the water shuttoffs, anti-democratic rule and the demands of Wall Street - but they need our help! more...
A clean energy campaigner shields his face in front of the Kosovo B coal power station, which is doing much to destroy the small nation's health. Photo: Sierra Club.

US and World Bank must stop funding overseas coal

Michael Brune

2nd July 2014

The World Bank is still deciding how to respond to Kosovo's request for funds to build a new 600MW power station burning filthy 'brown coal', writes Michael Brune. It's time for the World Bank, with strong US backing, to give the project a firm 'no way'! more...
Divest from Fossil Fuels! Photo: Light Brigading via Flickr.

BMA votes for fossil fuel divestment

Tierney Smith / TckTckTck

26th June 2014

Britain's doctors have voted for their representative body, the British Medical Association, to divest from fossil fuels, writes Tierney Smith - adding valuable momentum to the fast growing global divestment campaign. more...
Improving public transport is one of the key measures that could cut GHG emissions, increase 'gross world product' by $2.6 trillion and save a million lives. Photo: Mumbai bus by Patrik M. Loeff via Flickr.

World Bank: tackle global warming and add $2 trillion to global economy, save a million lives

Chris Rose

30th June 2014

Tackling global warming with better public transport, increased energy efficiency, renewable energy, clean cookstoves, better waste management could increase global GDP by $2.6 trillion. The alternative is growing risk from harshening climates ... more...
Otero Agamemnon speaking at the Renewable Energy conference, 2013.

Agamemnon Otero, renewable dynamo

Lucy Anna Scott

23rd June 2014

Repowering London is an energising force - not just making renewable energy projects happen, but engaging communities to finance them, training young people to install them, and ensuring the benefits stay local. Lucy Anna Scott meets the dynamic Agamemnon Otero ... more...
Coal fired power station at Gelsenkirchen, Germany. Photo: Guy Gorek via Flickr.

Stop 'back door' financing for new coal power stations!

Steven Herz

11th June 2014

France, Germany and other wealthy countries have positive policies on climate change, writes Steven Herz. So why are they handing out back door financing for new coal power stations abroad via 'export credits'? Over $5 billion from EU countries since 2007 ... more...
'The Secret World of Oil' by Ken Silverstein - front cover. Image via Gawker.com.

A descent into Big Oil's inferno

Louis Proyect

8th July 2014

In Ken Silverstein's 'The Secret World of Oil', Louis Proyect investigates the uber-wealthy middlemen of oil, inhabiting a pampered universe of moral squalor and depravity - one in which Tony Blair found himself completely at home. more...
No longer such a hot investment? Oil pumps in California. Photo: CGP Grey via Flickr.com.

FTSE and Blackrock join to fight fossil fuel investment

Rebecca Cooke

1st May 2014

One of the world's biggest fund managers has joined forces with London's FTSE group, writes Rebecca Cooke, to steer investors away from putting their money into risky oil and coal investments. more...

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