Stories - Page 3 of 4 - Go Clean ICBC

Coal investments face both local and global opposition amid clean energy transition

15 May, 2021

When the plan to build a coal plant in Lamu was first introduced, it was part of a broader conversation on Kenya: its economic development, infrastructure, and future as a “newly industrializing, middle-income country,” to use the language of the national Vision 2030 agenda that initiated the project.

Story

Listen to the people, ICBC: #AdanayaTemizHava

30 Apr, 2021

Residents of the Adana Province are seeking justice through local lawsuits and an ongoing campaign called “Adana’ya temiz hava” (Clean Air for Adana) to stop the construction of the new coal power plant project in Adana. The planned 1,320-MW EMBA Hunutlu Coal Power Plant poses an undeniable threat to public health.

Indonesia

An ICBC-backed coal plant linked to sea turtle deaths in Indonesia

29 Apr, 2021

Written by Rassela Malinda December 17, 2019 was a gloomy day for villagers of Sepang Bay, Bengkulu. Their legal challenge against a coal-fired power plant was rejected. As a result, they remained not only evicted from their homes but without justice for the death of 28 local sea turtles who died on a beach, just

Story

The healthcare costs of Vietnam’s dependency on coal

29 Apr, 2021

Healthcare centers in coal plants’ surrounding areas are already recording increases in heart diseases, strokes, lung diseases, skin problems, and cancers. In the small village of Ky Loi by the Vung Ang 1 coal power plant in central Vietnam, records from 2017 and 2018 documented 128 cases of heart disease and stroke and 14 cases of cancer.

Story

Coal thermal power plant at Hwange Colliery, Zimbabwe

Zimbabwe’s coal cravings, a complacent route with far-reaching implications

28 Apr, 2021

Apart from being disproportionately ironic, Zimbabwe’s energy production politics is fast proving to be an ill-thought hazard to citizens’ foreseeable future, yet policymakers continue to cast a blind eye.

Kenya

Lamu Residents Left Alone After Power Plant Project Deserted

26 Apr, 2021

For now, the residents still cry foul. They may have managed to stop the coal project, but their suffering, pain, and anguish are too deep to be ignored further.

Kenya

Kenya’s failed coal plant should be a lesson for investors

25 Apr, 2021

Calculations of climate risk should include not only stronger storms and rising seas, but also stronger movements and rising people.

banking on climate chaos

New Report: World’s 60 Largest Banks Have Poured $3.8 Trillion Into Fossil Fuels Since Paris Agreement

24 Mar, 2021

Climate groups sound alarm as fossil fuel financing continues to rise even amidst the global economic downturn.

Coal Exit

Groundbreaking Research Reveals Top Financiers of the Global Coal Industry

25 Feb, 2021

- Commercial banks providing more money to the coal industry since the Paris Agreement. - Japanese banks are top lenders, while China, Japan and India account for 70% of underwriting to coal companies. - US investors hold 58% of institutional investments in the coal industry, with Japan in second place.

News

Industrial and Commercial Bank of China’s floundering coal investment in Turkey

14 Jan, 2021

In the age of climate breakdown, financing fossil fuel projects is unacceptable, and financiers like ICBC should lead the way and help accelerate the energy transition to a low-carbon economy. Renewable energy investments can be a major force in Turkey’s economic recovery, generating decent returns on investment while boosting employment opportunities.