Page not found

Latest news

Sea Turtle joins the Orange Blossom Festival in Adana, Turkey

In the week of 23 March 2022, a whopping 1.5 million people gathered at the famous Orange Blossom Festival in Adana, Turkey. The most attractive guest at the gathering was a sea turtle. What does it have to do with ICBC? Read the full story below to learn more.

The Industrial and Commercial Bank of China should finance a green and low-carbon future, not the East African Crude Oil Pipeline

Members of the #StopEACOP campaign represented by 61  civil society organisations (CSOs) from Uganda, Tanzania, DR Congo and Kenya, wrote to the Industrial and Commercial Bank of China (ICBC) expressing their concerns about its role as a financial advisor and its potential participation in a $2.5 billion project finance loan for the development of the East African Crude Oil Pipeline (EACOP) project.

The future of coal plants in Pakistan

What if ICBC and other Chinese banks consider walking away from Pakistan’s coal plants?

The legal battle of Sepang Bay residents against coal-fired power plant

No one is immune to losing faith, especially when you know you are on the right side of the law and you’re up against one of the world’s biggest fossil-fuel financiers. 

Pakistan’s Thar coal project and its community’s disempowerment

In the last 12 months, the world of coal financing has shifted dramatically. Even ICBC themselves have indicated that they are moving away from the high-emissions fuel. However, for the residents of Thar, vague hopeful statements of the future will not change the real, tangible heartbreak they are going through at the moment.

Alternative Investments 

“It’s not that we don’t want development. We do. But what we want is sustainable development."

Loss of cultural heritage feared in the aftermath of halted coal plant construction

Even after the Lamu coal power plant has been abandoned, residents fear that cultural damage might already have been done

Ordinary citizens pay hefty price for unsustainable investments

For a visitor, it can be difficult to ignore an unsettling smell that emanates from the fumes produced by coal power stations, built into the heart of Hwange, a town in Zimbabwe’s Matebeleland North province.

Lamu residents worry about their health, as the fate of the ICBC-backed coal plant remains uncertain

The collapse of the coal plant in Lamu last year led to a major sigh of relief for the thousands of locals who had put up a spirited fight over the last four years to stop the ICBC-backed coal plant. 

Cambodia’s shift to coal is harming the country and pushing away foreign investors

Up until 2018, Cambodia had been generating most of its electricity from hydroelectric dams. However, the fast-tracked approval of two new coal power plants last year signals a dramatic shift in its energy policy. A wave of investments from international investors, including the Industrial and Commercial Bank of China (ICBC), has made this possible.