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World Bank is backing dozens of new coal projects, despite climate pledges

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New research shows that the International Finance Corporation, part of the World Bank Group, is providing back-door support to at least 39 new coal projects, constituting over 68 gigawatts of new coal-fired power capacity throughout China, Indonesia and Cambodia.

The International Finance Corporation (IFC), the private lending arm of the World Bank Group, is indirectly backing dozens of new coal projects throughout Asia, according to a new report, Blowing Smoke: How Coal Finance is Flowing through the IFC’s Paris Alignment Loopholes. The report, based on research conducted by Inclusive Development International, Recourse and Trend Asia, was published today, in advance of the World Bank Annual Meetings taking place in Marrakech next week.

“We found that the IFC is still backing new coal capacity through its investments in banks and other financial institutions despite its commitments to align those investments with the Paris Agreement,” said David Pred, executive director of Inclusive Development International. “This is the opposite of the sustainable development that IFC purports to promote, and it is having a devastating impact on coal-affected communities throughout Asia and the entire planet in this time of climate peril.”

A planned 700-megawatt coal-fired power plant called Jambi 2, to be located in Indonesia’s Jambi province, is among the new coal projects the IFC is indirectly supporting. The new report focuses on Jambi 2 as a case study for how the IFC’s lending ends up supporting new coal development and the impact that has on local communities. According to local advocates and community members interviewed by Inclusive Development International, Jambi 2 is a project the province doesn’t want and doesn’t need—one that will exacerbate the already devastating impacts of coal development in the area, including air and water pollution and related health issues. Yet Postal Savings Bank of China—an IFC intermediary and a major coal financier in the region—has provided a credit line to Jambi 2’s developer, China Huadian.

“Ongoing coal development in Indonesia, including the Jambi 2 plant, will accelerate climate change and its catastrophic consequences,” said Novita Indri, energy campaigner at Trend Asia. “It’s a slap in the face to Indonesia, an island nation that is uniquely vulnerable to rising sea levels and already suffering from extreme weather events.”

Postal Savings Bank of China is by far the largest financier of coal developers in the IFC’s portfolio. According to data compiled by Inclusive Development International and published alongside the new report, the IFC purchased a $300 million equity stake in Postal Savings Bank in 2015 and the bank has gone on to provide 418 billion RMB ($57.3 billion) in no-strings-attached credit lines and project loans to companies developing dozens of coal-fired power plants in the region. The bank has provided these loans at a time when much of the financial industry is shifting away from coal, implicating the IFC and the World Bank Group in the last vestiges of coal finance and the devastating impacts it has for coal-affected communities and the climate. The authors of the report are calling on the IFC to leverage its influence as a major shareholder to stop Postal Savings Bank from continuing to finance coal development.

“It’s hypocritical for the IFC to allow its banking clients to finance projects like Jambi 2 and other coal development in Asia while at the same time promising to align its lending with the Paris Agreement on Climate Change,” said Kate Geary, co-director of Recourse. “While committing to move away from coal on paper, the World Bank Group is failing to ensure that its investments aren’t  supporting coal power projects that are significant contributors to climate change and that wreak devastation on affected communities.”

These latest revelations come on the heels of reports last month that communities in Indonesia’s Banten province have lodged a formal complaint against the IFC for backing two new massive units in the Suralaya mega-coal complex. Similar complaints have been lodged against the IFC in the past, including regarding its support for coal expansion in the Philippines.

“The IFC has contributed to serious harms related to coal expansion in many countries,” added Pred. “Now it has a responsibility to repair the damage it has done and prevent future harm by requiring that all of its financial intermediary clients, including Postal Savings Bank of China, stop financing coal development immediately.”

Notes for editors:

Regarding IFC’s financial intermediary lending and “no coal” commitments

Inclusive Development International previously followed the money in the IFC’s financial-sector portfolio and published our findings in our Outsourcing Development investigative series, which exposed (among other things) the coal plants and mines the IFC was indirectly backing.

Since then, the World Bank Group has made a series of commitments designed to reform its approach to investing in financial institutions, reduce its exposure to coal and align itself with the Paris Agreement. Most prominently, in 2019 the IFC launched its Green Equity Approach, which requires financial institutions in which it holds shares to halve their coal exposure by 2025 and eliminate it from their portfolios by the end of the decade. In 2023, the IFC closed a major loophole that Inclusive Development International, Recourse and Trend Asia pointed out in the approach by updating the rules to restrict equity clients from financing any new coal projects.

However, the IFC’s flagship approach aligning its indirect lending operations with the Paris Agreement contains other loopholes and gray areas: it still allows equity clients to underwrite bonds for coal developers, and it allows clients to finance industrial projects that are powered by dedicated coal plants, a concept known as captive coal. And it is unclear how and whether the “no new coal” rule is being applied to existing clients’ corporate financing of coal developers. In fact, as our new research and report show, banks in which the IFC holds equity stakes—including Postal Savings Bank of China—have continued to provide financing to the developers of new coal projects.

Regarding our methodology

For this report, Inclusive Development International traced the International Finance Corporation’s money through financial intermediaries to new coal-fired power capacity in Asia. The full results are here.

We define new coal capacity as projects that have become operational since 2019; projects that are under construction; and projects that have been announced by developers. This data does not include projects that are listed as shelved or canceled, although developers regularly reactivate shelved projects after long periods of inactivity.

For all data on coal plants, including project names, generating capacity, development timelines and project owners, we relied on the Global Energy Monitor, which tracks energy infrastructure around the world. For data on project developers, including their current coal-generating capacities, development plans, and issuances of debt securities, we relied on the Global Coal Exit List, which the IFC also uses  to help its clients identify coal exposures in their portfolios.

All other data comes from research conducted by Inclusive Development International, Recourse and Trend Asia into corporate filings, the International Finance Corporation’s project disclosures, and site visits in Indonesia.

Source: inclusivedevelopment.net

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NGO WORK

As World Bank Holds Annual Meetings, 84,000 Tanzanians Call for Justice

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Oakland, CA – As the World Bank convenes its Annual Meetings in Thailand this week, the accountability of the institution is entirely omitted from the agenda. Yet, its lack of accountability to the millions of people displaced or harmed by its programs around the world has never been more appalling.

The Bank claims that recent 2026 reforms would strengthen its accountability mechanism, but the facts show a total disregard for the devastation it has caused. In Tanzania, it has failed to act on damning findings from its own Inspection Panel – whose investigation detailed systemic violations of its own Operating Procedures and a “critical failure” in project planning and supervision, leaving local villagers to continue bearing the brunt of harsh, unmitigated serious harms.

Between 2017-2024, the World Bank poured over US$100 million into REGROW, doubling the size of Ruaha National Park in Southern Tanzania and funding the paramilitary park rangers (TANAPA) implicated in egregious human rights abuses – including killings and forced disappearances. Following an independent investigation, the project was officially cancelled.

“The park expansion effectively criminalized over 84,000 people on their own land, stripping them of their livelihoods by barring essential farming and grazing. The Bank’s REGROW initiative turned poor villagers into targets for park rangers. Despite clear evidence that the devastation it unleashed continues today, the Bank has completely failed to provide redress, compensate or support the communities whose lives it upended,” said Anuradha Mittal, Executive Director of the Oakland Institute, who represented villagers in their complaint to the Inspection panel.

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Women threatened by RUNAPA’s expansion in Mbarali District. The Oakland Institute

In April 2025, ignoring community demands for reparations and the return of land, the Board approved a largely insufficient and inadequate Management Action Plan (MAP). On September 4, 2026, the Bank officially “closed” the REGROW case after deeming all actions in the MAP had been completed.

“The World Bank has destroyed our lives. Since the project started, rangers have killed or disappeared 18 of us. We are banned from farming our lands and grazing our livestock. Thousands of our cattle were confiscated. We are still waiting for justice and reparations for our losses. How can the World Bank walk away after being found responsible for this catastrophe?” said a local villager who filed the initial complaint.

Today, despite the Bank’s assertions that livelihoods could resume, many farmers remain barred from their fields, and pastoralists face continuous threats and fines for grazing cattle. The international spotlight that the Institute put on the dire situation has brought a halt to fatal shootings by TANAPA rangers since May 2025 – a grim baseline for “progress” from a paramilitary force that has terrorized communities since the Bank bolstered their capacity. The families of those murdered by TANAPA, including 27-year-old Hamprey Mhaki and 20-year-old Kulwa Igembe, continue to be denied justice.

“The Inspection Panel presented undeniable evidence of the Bank’s wrongdoings, yet the Bank’s Board and senior management refused to take responsibility. Affected communities took monumental personal and collective risks to expose these abuses, offering the Bank every opportunity to correct course. Instead, management turned its back on the very people it harmed – leaving a permanent stain on the institution’s credibility. The Oakland Institute will continue to stand with communities in their fight for justice,” concluded Mittal.

The World Bank’s expanding accountability crisis is further deepened by its decision to join the Trump-established Board of Peace (BoP) for Gaza, proactively enabling impunity for crimes against humanity and genocide. By joining the BoP, the Bank directly violates its own mandate and policies, international humanitarian law and decades of UN General Assembly Resolutions. Furthermore, the move defies provisional orders and advisory opinions from the International Court of Justice (ICJ) and rulings from the International Criminal Court (ICC).

Source: oaklandinstitute.org

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NGO WORK

Tanzanian Government Abducts Maasai Villagers in an Unconscionable Attack on Indigenous Land Defenders

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  • Human rights conditions in northern Tanzania have deteriorated sharply since August, as the Tanzanian government carries out a coordinated campaign of violence and arrests against the Indigenous Maasai.
  • In Ngorongoro, five Maasai were arrested last week; Over 30 community members have been arrested over the last two months; In neighboring Loliondo, thousands of livestock have been confiscated.
  • The government is pressuring Maasai to leave the area to reach its goal of expanding the number of safari tourists and trophy hunters to eight million by 2030.
  • The last arbitrary arrests unfolded in Arusha as Tanzania hosted the 153rd Assembly of the Inter-Parliamentary Union, centered on the theme of “enhancing good governance and empowering communities through inclusivity, trust and opportunities for all.”

Oakland, CA – On the night of October 6, the Tanzanian government forcefully abducted five Maasai men, Nangei Meitaya, Salangat Makko, Ezekiel Kishau, Dickson and Thadeus Clamian, holding them under arbitrary detention at the Arusha Central Police Station. While the individuals were released the following night, these targeted arrests are a dangerous escalation in the government’s systemic oppression of the Indigenous Maasai people.

Since August, human rights conditions in northern Tanzania have worsened sharply as the state carries out a wave of coordinated violence and arrests against the Maasai. In the Ngorongoro Division, authorities have detained more than 30 community members, while confiscations of livestock have intensified in neighboring Loliondo. Local advocates state these actions are part of a systemic campaign to suppress peaceful dissent and dismantle civil society, through economic restrictions, intimidation, and unlawful incarceration of Maasai pastoralists.

“Far from being an isolated incident, this is a calculated campaign of intimidation. Driven by its goal to attract eight million safari tourists by 2030, the Tanzanian government is escalating pressure to evict the Maasai from their ancestral lands. As a result, community leaders have been driven into hiding once again, describing a rapidly deteriorating situation across the region,” said Anuradha Mittal, Executive Director of the Oakland Institute.

While detained, the victims were deprived access to their families or legal counsel. Four of those arrested are employees of the Pastoral Women’s Council (PWC), a local NGO dedicated to the “sustainable empowerment of Indigenous pastoralist women and girls in northern Tanzania.” Furthermore, authorities searched the homes of other staff members without due process.

“The abduction and subsequent detention of our community members is one of the many incidents of lawless targeting of the Maasai people in Ngorongoro – a deliberate campaign to instill fear and censorship, designed to make state dispossession and displacement easy. When a regime normalizes abductions and uses public hospitals as hunting grounds, it reveals a complete breakdown of common sense and basic humanity,” said Joseph Moses Oleshangay, a prominent Maasai human rights lawyer and activist from the Ngorongoro District in Tanzania.

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Tanzanian police forcing Maasai people out of their ancestral land in Loliondo, Ngorongoro District to build a game reserve, June 2022

The arbitrary arrests unfolded in Arusha as Tanzania hosted the 153rd Assembly of the Inter-Parliamentary Union, centered on the theme of “enhancing good governance and empowering communities through inclusivity, trust and opportunities for all.” This international gathering of parliamentarians from around the world comes a year after the rigged October 2025 national elections, during which the security forces violently suppressed pro-democracy demonstrations and killed thousands of civilians. Meanwhile, in March 2026, President Hassan accepted recommendations from sham land commissions advocating for the widespread eviction of Maasai communities from their ancestral lands in the Ngorongoro Conservation Area (NCA) and Loliondo.

The government plans to drastically reduce Maasai presence in the NCA to expand safari tourism and trophy hunting. To pressure residents to leave, the government has stopped basic medical, education, and water services while restricting access to grazing land for pastoralists. Massive mobilizations by the Maasai against this forced resettlement have exposed the government’s lie that people are leaving willingly.

“As international visitors plan safari tours to Tanzania, they must recognize that tourism revenues are inadvertently financing the government’s violent attack on Maasai communities whose ancestral lands are being stolen in plain sight,” concluded Mittal.

Source: oaklandinstitute.org

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NGO WORK

Global Scramble for Minerals Wages War on People and Planet

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Last week, 54 members of Congress called for transparency and stronger protections for labor rights, human rights, and the environment in the Trump administration’s critical minerals deals. The Oakland Institute had been advocating towards Congressional representatives, urging them to sign the letter to the administration.

But what is really driving the global race for minerals?

Our new report, RUSH: Global Scramble for Minerals Wages War on People and Planet, has debunked the claim that massive new mining is necessary to address the climate crisis. More than 70% of current mineral demand comes from industries outside of the energy transition, including the military, automotive, aerospace, and technology sectors. The report, instead, exposes the prevailing cronyism of the US administration, with companies linked to the families of Donald Trump and Commerce Secretary Howard Lutnick profiteering from US mineral deals.

What is driving the global mining boom? What is at stake?

Read the report

Source: oaklandinstitute.org

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