Supreme Court rejects World Bank coal case
The Supreme Court today turned down an appeal from a fishing community to review its lawsuit that seeks to hold an arm of the World Bank liable for environmental damage from a coal-fired power...
Salaam to Coal Miners of the Country
An unprecedented and prolonged heatwave is sweeping across the Indian subcontinent.
Case Against IFC at US Supreme Court: Disappointed with the outcome; Quest for Justice Continues
Landmark corporate accountability case resulted in critical reforms for the World Bank’s lending arm. April 26, 2022 New Delhi: Last evening India time, the U.S. Supreme Court denied a petition from a fishing community...
New Mineral Amendment Bill (2020)- Who Bears the Cost of Development?
The mining industry in India has constantly been in the spotlight for violations of many kinds, ranging from environmental degradation to labour violations and cases of child labour.
Tata Mundra: Nobel laureate, others ask US apex court to drop immunity to World Bank
Economic, legal, diplomatic and civil society experts – including Joseph Stiglitz, a Nobel Prize-winning economist, and former Vice President and Chief Economist of the World Bank – have urged the United States Supreme Court...
Indian lenders reduce funding for coal projects, clean energy gets more loans for 3rd straight year
Clean energy projects got 74% of the total funds from financial institutions last year, or ₹24380 crore, according to a report by Climate Trends and Centre for Financial Accountability. Indian lenders channeled more funds to...
PFC, subsidiary REC sole institutions provided finances to coal projects: Report
New Delhi, Dec 14 (IANS): An analysis on Tuesday identified Power Finance Corporation (PFC), and its subsidiary Rural Electrification Corporation (REC), as the sole state-owned financial institutions that provided project financing to coal power...
ADB Energy Policy: Lack of Intent; Absence of Commitment
Asian Development Bank has approved a new energy policy ostensibly to support universal access to reliable and affordable energy services, while promoting the low-carbon transition in Asia and the Pacific. However a closer look...
IFC stake in Federal Bank Ltd results in no new coal commitment
A new report released today by Centre for Financial Accountability India and Recourse reveals how India’s 7th largest commercial bank – Federal Bank Limited – has turned its back on new coal. The bank received a $126...
Coal Shortage: Crisis, False Solutions & Opportunity
India's power ecosystem, which depends overwhelmingly on coal to meet the country's baseline electricity demand, is suddenly faced with an acute coal shortage. Even when the Coal Ministry tried to play down the coal...
IFC stake in Federal Bank Ltd results in no new coal commitment
India’s 7th-largest commercial bank, Federal Bank Limited, has turned its back on new coal, according to a new report released October 7, 2021. The bank is a key lender to firms such as Jindal Steel Works (JSW)...
Whither Coal?
The Ministry of Coal (MoC), through a notification on June 18, 2020, officially launched the process of auctioning coal mines, thus opening up the Indian coal mining sector to commercial operations by the private...
कोरोना वायरस: ठेका श्रमिकों की बढ़ीं मुश्किलें, ऐसे कर रहे गुजारा
हमारे देश में बिजली पैदा करने का प्रमुख संसाधन कोयला है, पर धरती की छाती चीरकर उसे निकालने वाले मजदूरों की बदहाली जहां-की-तहां है। पिछले साल कोविड-19 के कारण देश भर में लगे ‘लॉकडाउन’...
How India is making a way for coal: Energy Sector Updates
Coal has not been only always costlier from the perspective of socio, economic, and ecology, but it has also been one of the biggest greenhouse gas emitters in the energy sources. Despite that, post-pandemic,...
India Tops G20 Governments as Third Largest Supporter of Coal
Press Release | May 27, 2020 New report updates analysis of public financing for energy projects To view or download the full report: http://foe.org/wp-content/uploads/2020/05/2020.05.26_Still-Digging-report_final.pdf WASHINGTON, D.C. / New Delhi – A new report released...
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