Stories - Go Clean ICBC

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

30 Oct, 2021

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.

Pakistan

The future of coal plants in Pakistan

30 Jul, 2021

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

Indonesia

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

20 Jul, 2021

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

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

17 Jul, 2021

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.

Kenya

Alternative Investments

10 Jul, 2021

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

Kenya

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

9 Jul, 2021

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

Story

Ordinary citizens pay hefty price for unsustainable investments

10 Jun, 2021

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.

Kenya

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

7 Jun, 2021

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

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

5 Jun, 2021

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.

Kenya

Heavy Metals and Heat

4 Jun, 2021

How a coal plant almost killed a fishing industry in Kenya