December, 11 2017, 06:15am EDT
For Immediate Release
Contact:
Alex Doukas, Oil Change International, alex@priceofoil.org
Ian Rivera, Philippine Movement for Climate Justice, nationalcoordinatorpmcj@gmail.com
Mohamed Adow, Christian Aid, MAdow@christian-aid.org
Glen Tyler, 350.org, glen@350.org
Dirty Dozen: 12 Projects of the World Bank Group and Other Public Finance Institutions That Undermine the One Planet Summit and Put the Climate at Risk
As world leaders and global financial institutions gather for the One Planet Summit on December 12 in Paris, civil society groups have come together under the Big Shift Global campaign to underscore the massive finance gap remaining to shift away from fossil fuels and toward clean energy, in line with the aim of the Paris Agreement on climate change to limit warming to below 1.5degC.
WASHINGTON
As world leaders and global financial institutions gather for the One Planet Summit on December 12 in Paris, civil society groups have come together under the Big Shift Global campaign to underscore the massive finance gap remaining to shift away from fossil fuels and toward clean energy, in line with the aim of the Paris Agreement on climate change to limit warming to below 1.5degC.
Today, the Big Shift Global campaign released a briefing titled "Dirty Dozen: How Public Finance Drives the Climate Crisis through Oil, Gas, and Coal Expansion", highlighting fossil fuel projects by the World Bank Group, other multilateral and national development banks, and export credit agencies. These projects are examples that demonstrate how public finance is still acting as a critical lifeline for destructive fossil fuel projects, many of which could not otherwise be built, and how this support continues to this day, a full year after the Paris Agreement entered into force.
On average, public finance institutions controlled by G20 governments, along with multilateral development banks such as the World Bank Group, provide $71.8 billion per year in public finance for fossil fuels, and only $18.7 billion in public finance for clean energy (figure taken from from the report Talk is Cheap: How G20 Governments are Financing Climate Disaster, July 2017, available at https://priceofoil.org/2017/07/05/g20-financing-climate-disaster/).
Accompanying the briefing, more than 175 civil society groups from over 55 countries have signed a letter urging multilateral development banks, such as the World Bank Group, and export credit agencies and the governments backing them to stop funding fossil fuels by 2020, with an urgent and immediate need to move away from financing for oil and gas exploration projects, coal mining, and coal-fired power plants.
The Dirty Dozen briefing presents a wide spectrum of dirty projects, ranging from the Southern Gas Corridor (SGC) project running from Azerbaijan to Italy (the European Investment Bank will consider a proposed 1.5 billion EUR loan for the Trans-Adriatic Pipeline, the final leg of the SGC, at its 11-12 December board meeting), to the 1,000-MW Cirebon 2 coal plant in Indonesia. The World Bank Group, European Investment Bank, European Bank for Reconstruction and Development, Asian Development Bank, and Asian Infrastructure Investment Bank together have offered $8.07 billion to the SGC in approved and proposed loans and guarantees out $45bn in estimated project costs, while the Cirebon 2 coal plant is receiving almost $1.15 in finance or guarantees from the Japan Bank for International Cooperation and the Korea Export Import Bank, two of the world's biggest coal financiers.
As the One Planet Summit is about to get underway, members of the Big Shift Global campaign made the following statements:
"It's been over a year since the Paris Agreement on climate change entered into force, and two years since it was agreed - yet our governments still provide billions more in public finance for fossil fuels than for clean energy", said Alex Doukas, Director of the Stop Funding Fossils Program at Oil Change International. "This briefing highlights some of the most egregious fossil fuel projects receiving government financing, including exploration for more oil and gas that can never be burned if we have any hope of limiting the damage from climate change".
"At a time when addressing climate change impacts is becoming more and more challenging, there should no longer be any room for development banks and financial institutions to provide funding to dirty and harmful energy projects, especially in the light of achieving our climate ambitions under the Paris Agreement", said Ian Rivera of the Philippine Movement for Climate Justice (PMCJ). "This is even more damaging to vulnerable countries like the Philippines, where IFC is providing funding to 19 coal projects through its intermediary. Communities are suffering, and environmental degradation has become widespread due to these projects. Continued funding to fossil fuels by development banks and financial institutions is, in a way, issuing a license to kill".
"It is shocking that despite its commitment to the Paris Agreement, the World Bank Group is still using taxpayers money to fund dirty energy projects. The only way the Paris Agreement goals will be met is through a swift transition away from dirty energy and towards renewables. It is imperative that the World Bank Group put its money where its mouth is and stop funding fossil fuels, and instead support countries to take advantage of the energy opportunities of the future", said Mohamed Adow, International Climate Lead at Christian Aid.
"If any financial institutions should not be supporting projects that threaten catastrophic climate change, it is the development banks. Despite this, the projects documented in Dirty Dozen show that banks such as the World Bank, the Development Bank of Southern Africa and others are gambling with our future. The financing of projects such as the Thabametsi coal fired power plant, using some of the worst coal burning technology in terms of GHG emissions and pollution, does not deserve to be considered, and should be dropped immediately. With cheaper, cleaner options available, considering such a project is nothing short of reckless." said Robyn Hugo, Centre for Environmental Rights, South Africa.
Oil Change International is a research, communications, and advocacy organization focused on exposing the true costs of fossil fuels and facilitating the ongoing transition to clean energy.
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Trustee Reports Show Medicare, Social Security Must Be Defended From Trump
"The future of these earned benefit programs depends on who is elected this fall—both as president and to Congress," said one campaigner.
May 06, 2024
Advocacy groups, congressional Democrats, and U.S. President Joe Biden's reelection campaign on Monday pointed to new government reports on Medicare and Social Security as proof that the key programs must be protected from Republican attacks.
The annual trustee reports show that Social Security is projected to be fully funded until 2035, a year later than previously thought, while Medicare is expected to be fully funded until 2036, five years beyond the earlier projection.
Former President Donald Trump, the presumptive Republican nominee to face Biden in November, "proposed cutting Social Security and Medicare every year he was in office, he's said repeatedly he would cut them, his allies openly plan to target them, and just this weekend he dismissed them as bribes," noted James Singer, a spokesperson for the Democrat's campaign.
"Let's be clear, Donald Trump will steal the hard-earned Social Security and Medicare benefits Americans have been paying into their entire lives and he'll use it to fund tax cuts for rich people like him," Singer warned. "President Biden keeps his promises. He has and will continue to protect Social Security and Medicare from MAGA Republican efforts to cut them—Donald Trump won't."
"No doubt we will hear cries from so-called 'fiscal conservatives' that Social Security is going 'bankrupt,' supposedly requiring Draconian measures—which couldn't be further than the truth."
Richard Fiesta, executive director of the Alliance for Retired Americans, said Monday that "current and future American retirees should feel confident about both Medicare and Social Security, which [are] stronger due to the robust economy under President Biden. But the future of these earned benefit programs depends on who is elected this fall—both as president and to Congress."
Fiesta highlighted that Biden's latest budget "calls for strengthening" the programs whereas Trump recently said that "there is a lot you can do... in terms of cutting" them and "the Republican Study Committee (RSC), which includes around 80% of House Republicans, stands ready to make cuts as well."
Nancy Altman, president of Social Security Works, similarly declared that "today's report shows that our Social Security system is benefiting from the Biden economy. Due to robust job growth, low unemployment, and rising wages, more people than ever are contributing to Social Security and earning its needed protections."
"That said, Congress should take action sooner rather than later to ensure that Social Security can pay full benefits for generations to come, along with expanding Social Security's modest benefits," she argued, noting various plans from Democrats in Congress that "are paid for by requiring millionaires and billionaires to contribute more of their fair share."
Unlike Democratic leaders in Washington, D.C., "Republicans want to cut benefits despite overwhelming opposition from the American people," Altman said of federal lawmakers and the former president. Additionally, "Trump plans to sharply restrict immigration. This would harm Social Security by reducing the number of workers paying in."
"The United States is the wealthiest nation on Earth at the wealthiest moment in our history. We can use that wealth to protect and expand Social Security, or to provide yet more tax handouts to billionaires," she concluded. "This report is a reminder that the next decade is a crucial one for Social Security's future. Americans should vote accordingly this November."
Max Richtman, president and CEO of the National Committee to Preserve Social Security & Medicare, also asserted that "Congress must act NOW to strengthen Social Security for the 67 million Americans who depend on it. We cannot afford to wait to take action until the trust fund is mere months from insolvency, as Congress did in 1983."
According to Richtman:
No doubt we will hear cries from so-called 'fiscal conservatives' that Social Security is going 'bankrupt,' supposedly requiring Draconian measures—which couldn't be further than the truth. Revenue always will flow into Social Security from workers' payroll contributions, so the program will never be 'broke.' But no one wants seniors to suffer an automatic 17% benefit cut in 2035, so Congress must act deliberately, but not recklessly. A bad deal driven by cuts to earned benefits could be worse than no deal at all.
We strongly support revenue-side solutions that would bring more money into the trust fund by demanding that the wealthy pay their fair share. Rep. John Larson (D-Conn.) has offered legislation that would do just that—by maintaining the current payroll wage cap (currently set at $168,600), but subjecting wages $400,000 and above to payroll taxes, as well—and dedicating some of high earners' investment income to Social Security. Rep. Larson's bill also would provide seniors with a much-needed benefit boost.
Larson was among the lawmakers who responded to Monday's Social Security report by demanding urgent action. The Democrat also called out his Republican colleagues for pushing cuts and trying to "ram their dangerous plan through an undemocratic and unaccountable so-called 'fiscal commission,'" which critics have dubbed a "death panel."
"The Social Security 2100 Act is co-sponsored by nearly 200 House Democrats and would improve benefits across the board while extending solvency until 2066, while Donald Trump and House Republicans continue their calls to slash Americans' hard-earned benefits!" Larson said. "By contrast, President Joe Biden and Democrats are working to strengthen Social Security, not cut it."
Co-sponsors of Larson's bill include Congressman Brendan Boyle (D-Pa.), ranking member of the House Budget Committee.
"Social Security is the greatest anti-poverty program in history, and ensuring its solvency for future generations has been one of my top priorities in Congress," Boyle said Monday, promoting the Medicare and Social Security Fair Share Act, his bill with Sen. Sheldon Whitehouse (D-R.I.). "Unfortunately, while Democrats and President Biden want to protect Social Security and Medicare, Republicans have made clear they want to tear them down."
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'War Criminals': IDF Strikes Rafah After Hamas Agrees to Cease-Fire
"Why?" asked Israeli lawmaker Ofer Cassif. "Because killing Palestinians is more important for the Israeli government than saving Israelis."
May 06, 2024
Israel on Monday launched long-awaited strikes on Rafah in the southern Gaza Strip despite Hamas publicly confirming it agreed to a cease-fire and hostage release proposal from Egyptian and Qatari mediators.
The Israel Defense Forces said on social media that "the IDF is currently conducting targeted strikes against Hamas terror targets in eastern Rafah," the city to which over a million Palestinians have fled since October 7, when Israel launched a retaliatory war that has already killed at least 34,735 people in Gaza and wounded another 78,108.
Earlier Monday, the IDF had dropped leaflets directing residents and refugees in that part of Rafah to relocate to a strip along Gaza's coast, ignoring warnings from the international community and humanitarian groups that a full-scale Israeli attack on the crowded city would further endanger civilians and relief efforts.
"It is obvious Netanyahu wants this genocidal war to continue indefinitely so that he can remain in power."
In addition to sparking outrage around the world, the Israeli government's Rafah attack and rejection of the Hamas-backed proposal was met with criticism from people across Israel. The Associated Pressreported that "thousands of Israelis rallied around the country Monday night calling for an immediate deal to release the hostages still held in the Gaza Strip."
Ofer Cassif, a member of the Knesset who was almost expelled by fellow Israeli lawmakers earlier this year for backing South Africa's ongoing genocide case against Israel at the International Court of Justice (ICJ), again called out his own government.
"Israeli tanks and infantry enter east Rafah while planes bomb from above, just hours after Hamas' decision to accept the hostages/prisoners exchange deal," Cassif said Monday. "Why? Because killing Palestinians is more important for the Israeli government than saving Israelis. War criminals!"
The office of Israeli Prime Minister Benjamin Netanyahu said Monday that "the War Cabinet unanimously decided this evening Israel will continue its operation in Rafah, in order to apply military pressure on Hamas so as to advance the release of our hostages and achieve the other objectives of the war."
Along with the prime minister, Israel's War Cabinet includes Defense Minister Yoav Gallant and Benny Gantz, former IDF chief of the general staff, along with three observers.
Netanyahu added that "while the Hamas proposal is far from meeting Israel's core demands, Israel will dispatch a ranking delegation to Egypt in an effort to maximize the possibility of reaching an agreement on terms acceptable to Israel."
Reutersreported that "an Israeli official said the deal was not acceptable to Israel because terms had been 'softened.'"
According to the news outlet, the first part of a three-phase plan that Hamas—which has controlled Gaza for nearly two decades—agreed to includes a 42-day pause in fighting, the release of 33 hostages held by the group and some Palestinians in Israeli jails, a partial IDF withdrawal, and free movement in the besieged enclave.
Phase two would be "another 42-day period that features an agreement to restore a 'sustainable calm' to Gaza, language that an official briefed on the talks said Hamas and Israel had agreed in order to take discussion of a 'permanent cease-fire' off the table," Reuters detailed. This phase also includes withdrawing most Israeli troops and Hamas releasing some soldiers and reservists.
The third phase would involve the exchange of bodies; reconstruction of Gaza overseen by Egypt, Qatar, and the United Nations; and ending the complete blockade on the strip, the outlet added.
Shortly before Israel's Monday night strikes on Rafah began, Stéphane Dujarric, a spokesperson for United Nations Secretary-General António Guterres, said that the U.N. chief "reiterates his pressing call to both the government of Israel and the leadership of Hamas to go the extra mile needed to make an agreement come true and stop the present suffering."
Expressing concern about the then-imminent Israeli operation in Rafah, the spokesperson said that "we are already seeing movements of people—many of these people are in desperate humanitarian condition and have been repeatedly displaced. They search safety that has been so many times denied. The secretary-general reminds the parties that the protection of civilians is paramount in international humanitarian law."
Other U.N. officials have been warning of what an assault on Rafah will mean for the over 1.4 million Palestinians there, among them 600,000 children. So have humanitarian and political leaders, including U.S. Sen. Bernie Sanders (I-Vt.)—who on Monday urged President Joe Biden to stand by his earlier position that attacking the city was a "red line" and "end all offensive military aid to Israel."
Council on American-Islamic Relations national executive director Nihad Awad issued a similar call Monday evening, warning that "the Israeli government is hellbent on using American financial, military, and diplomatic support to ethnically cleanse what remains of Gaza and commit another massacre."
"President Biden must stand up to Benjamin Netanyahu and take concrete action to end the genocide now," Awad continued, nodding to the Israeli leader's legal trouble. The prime minister faces not only potential consequences on a global scale for what the ICJ has deemed a "plausibly" genocidal war on Gaza but also a corruption trial in his own country.
"It is obvious Netanyahu wants this genocidal war to continue indefinitely so that he can remain in power, avoid jail, and fulfill his racist, far-right Cabinet's demands for the complete destruction of Gaza and the massacre of its people," Awad said. "It is long past time for President Biden to end our nation's complicity in this 21st-century genocide."
Biden spoke with Netanyahu by phone ahead of the IDF strikes on Monday and "reiterated his clear position on Rafah," according to a White House readout. They also discussed the hostage negotiations, humanitarian aid, the Holocaust, and antisemitism.
Trita Parsi, executive vice president of the Quincy Institute for Responsible Statecraft, also suggested that the Israeli prime minister wants the bloodshed in Gaza to continue for personal reasons.
"Netanyahu does not want an end to the war because the moment the war ends, his political career ends as well. And his prison sentence will commence," said Parsi. "Yet, Biden has for seven months deferred to Netanyahu."
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Pulitzer Snubs Palestinian Journalists' Gaza Coverage
The Pulitzer Prize Board avoided "naming the brave Palestinian journalists who did the reporting and filming and died in record numbers," said one journalist.
May 06, 2024
In recent years, the Pulitzer Prize Board has given special recognition to the journalists of Ukraine and Afghanistan for reporting from war zones, honoring their "courage, endurance, and commitment to truthful reporting" and their ability to tell their communities' stories under "profoundly tragic and complicated circumstances."
On Monday, no such recognition was given to Palestinian reporters in Gaza, at least 92 of whom have been among more than 34,000 Palestinians killed in the enclave since Israel began its bombardment in October.
The annual journalism and literature awards included a special citation for "journalists and media workers covering the war in Gaza"—but didn't differentiate between those around the world who have spent the last seven months telling the story of Israel's escalation from the safety of far-off countries, and those struggling to report on the destruction of their own home under the constant threat of Israel Defense Forces (IDF) attacks.
"The missing word is—is always—Palestinian," said Writers Against the War on Gaza (WAWOG). "Palestinian journalists and media workers deserve, if nothing else, this recognition; and half of them are dead."
Public health writer Abdullah Shihipar noted that in 2022, the board awarded the special citation to the "journalists of Ukraine." In 2021, it recognized "women and men of Afghanistan," saying that from "staff and freelance correspondents to interpreters to drivers to hosts, courageous Afghan residents helped produce Pulitzer-winning and Pulitzer-worthy images and stories."
This year, said Intercept journalist Jeremy Scahill, giving a special citation to "'media workers covering the war in Gaza' is a way to avoid naming the brave Palestinian journalists who did the reporting and filming and died in record numbers."
Many of those killed, Scahill added, might not have been had it not been for U.S.-made weapons sold to Israel.
The Pulitzer Prize for international reporting was awarded to The New York Times "for its wide-ranging and revelatory coverage of Hamas' lethal attack in southern Israel on October 7, Israel's intelligence failures, and the Israeli military's sweeping, deadly response in Gaza."
One of the Times' most explosive articles about Israel and Gaza, "Screams Without Words," about the alleged sexual assaults of Israeli victims of the October 7 attack, was not among those submitted for consideration. The article has come under scrutiny because of the anti-Palestinian bias expressed by one of the freelance reporters who worked on it, and questions about its veracity.
WAWOG, which has started a website titledThe New York War Crimes, posted on social media that the Times should have instead been awarded the Pulitzer for "manufacturing consent."
By honoring the Times for its international reporting this year, said City University of New York sociology professor Heba Gowayed, the Pulitzer Prize "lost any credibility it ever had."
The prize is administered by Columbia University, where students have been protesting for weeks against U.S. support for the IDF and against the school's investment in companies that contract with Israel.
Last week, the university called on the New York Police Department to forcibly remove student protesters from a school building; police told student journalists they would be arrested if they left Pulitzer Hall to report on the incident. Student journalists are reportedly still being barred from campus.
Columbia, said Jack Mirkinson of The Nation, announced the Pulitzers "at the exact same time it is clamping down on the press freedom of its own students. You couldn't make it up."
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