Lack of response by the US Exim bank on the complaint against Sasan Power Plant
Awadhesh Kumar of Srijan Lokhit Samiti speaks on the lack of response by the US Exim bank on the complaint filed against the Sasan Power Plant
Findings of the IAM and Management’s Response in the GMR Kamalanga Energy Limited
Amulya Kumar Nayak of the Odisha Chas Parivesh Surakhsa Parishad, sharing their experiences with the IAM and the Management’s Response in the GMR Kamalanga Energy Limited, a 1050 MW (with an additional 350 MW)...
Court Quiet, but Potentially Skeptical, on Immunity for International Organisations
The Supreme Court heard oral argument this morning in a dispute over immunity for the International Finance Corporation, an international organization that makes loans to private businesses to finance projects in developing countries. The...
Today in the U.S. Supreme Court: Is the World Bank Group Above the Law?
October 31, 2018, Washington, D.C. – The U.S. Supreme Court heard oral arguments today in Jam v. International Finance Corporation (IFC), a landmark lawsuit that will decide if international organizations are absolutely immune from lawsuits in U.S. courts....
People’s Movements Challenge World Bank Immunity in US Supreme Court
October 31, 2018, New Delhi.: The Supreme Court of the United States of America heard the oral arguments in the historic case filed by the villagers from Mundra, Gujarat against the absolute immunity granted...
US Supreme Court to Consider Immunity for IOs
The plaintiffs contend that the plant’s construction caused saltwater to leach into the local groundwater. They say that the plant’s ‘cooling system discharges thermal pollution into the sea, killing off marine life on which...
CSOs Applaud IFC for Excluding Coal in FI Lending
IFC will now ensure that the financing process only supports targeted areas — such as projects promoting energy efficiency, renewables, women business-owners, or small and medium-sized enterprises New Delhi: Civil society groups from across...
CSOs Welcomes IFC’s Move to Exclude Coal in its FI Lending
For Immediate Release Civil Society Welcomes IFC’s Moves to Exclude Coal in its Financial Intermediary Lending But fears that it might be too little too late Bali, 8 October 2018: Civil society groups from around...
Banks Need to Follow StanChart’s Lead and End New Coal Finance
By ruling out funding new coal-fired power plants globally, Standard Chartered has sent the message that developing countries such as Vietnam deserve clean air and water. Standard Chartered announced this week that it “will...
1/4th of Power Plants Burning Coal and Cash, Yet More in Pipeline
Debt-laden and deadly, India’s coal-fired power sector continues to suck out large sums and pump in toxic pollutants. Is the country heading into dark times on the pretext of seeing light? TOI analyses various...
The Black Hole of Coal
India shows how hard it is to move beyond fossil fuels towards a renewable future. Hazaribagh, Jharkhand State DARKNESS is falling as coal starts its long, lawless journey from the pit. The first signs...
U.S. Government Opposes “Absolute” Immunity for World Bank Group
For Immediate Release U.S. Government Opposes “Absolute” Immunity for World Bank Group in Brief to SCOTUS Washington, D.C., August 1, 2018 – Late yesterday, the U.S. Government urged the U.S. Supreme Court to reverse...
The Best of Finance Matters: First Anniversary Issue
A year back when we started our weekly newsletter Finance Matters, what we intended was to bring together the news and analysis from the world of finance, in a form and language comprehensible to...
Renewable energy projects attract more finance in T.N.
At ₹2,797 crore, State’s share second highest; nil funding for coal-based projects Tamil Nadu is among the States which saw significant lending to renewable energy projects and nil lending to coal projects in 2017,...
Banks Desperate to Bail Out Coal Power Sector Outside IBC
According to recent news published on the Business Standard, the leading banks of India are designing a scheme for bailing out stressed assets in the power sector, which, as per the latest report of Parliamentary Standing Committee on...
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