Tell the World Bank to stop financing dirty coal plants.
The World Bank made headlines in July when it announced it would stop financing dirty coal plants around the globe with the exception of “rare cases” where there is no other feasible alternative to bring electricity to an area.
The announcement was a huge step forward – but its continued support of a deadly coal plant in India in violation of its own social and environmental rules has called the World Bank’s credibility on the issue into serious doubt.
With the World Bank in Davos this week at the World Economic Forum, now is the time to put pressure on the World Bank to change its policies and stop funding coal entirely.
Tell the World Bank: Stop financing dirty coal plants.
By funding the massive “Tata Mundra Ultra Mega Power Project,” the World Bank is fueling climate change and devastating the livelihoods of local residents by turning their community into a dumping ground for toxic air and water pollution.1 The World Bank simply can’t be trusted to make responsible decisions about dirty coal, and it shouldn’t be funding coal plants at all.
The President of the World Bank, Dr. Jim Yong Kim, not only works in public health, but he has also made numerous public statements about his commitment to fighting climate disruption and called on the World Bank to learn from its past mistakes.
But the World Bank’s actions in response to revelations about what happened with the massive Tata Mundra plant tell a different story. The Compliance Advisor Ombudsman, an independent accountability mechanism at the World Bank, found the process for approving funding to Tata Mundra had insufficient risk assessment and did not consider alternatives that would minimize risks.
Worse still, the World Bank hasn’t taken the Ombudsman Office’s criticisms seriously – instead, Dr. Kim signed off on a response from the same people who approved Tata Mundra originally, dismissing the report from the Compliance Advisor Ombudsman.2
Those are exactly the types of factors the World Bank needs to take seriously and get right when determining if a coal project is a “rare necessity” that should be funded. If the World Bank and Dr. Kim are unable to follow their own rules, there is no reason to believe they will make the right call evaluating future coal plants.
Tell the World Bank: It’s time to stop funding coal entirely.
- Compliance Advisor Ombudsman. “India / Tata Ultra Mega-01/Mundra and Anjar – Case Report.” December 9, 2013.
- Guay, Justin. “Dr. Kim Sweeps World Bank Policy Violations on Controversial Tata Mundra Coal Plant Under the Rug.” Huffington Post, October 24, 2013.