world bank

Evidence on McKinsey's bad forest influence grows

Posted by davidritter — 22 June 2011 at 2:53pm - Comments
Logger with a chainsaw on a tree stump in Papua New Guinea
All rights reserved. Credit: Greenpeace/Jeremy Sutton-Hibbert
McKinsey's advice on climate and forests could lead to more deforestation in countries like Papua New Guinea

Back in April, we revealed serious defects in national plans to reduce carbon emissions from deforestation, due to the influence of global mega-consultancy firm McKinsey. Incredibly, McKinsey’s advice to forest nations could actually lead to increased deforestation, more carbon emissions, huge loss of biodiversity and violations of human rights. Now we’ve taken another step in building pressure on McKinsey.

Bad Influence at the World Bank

Posted by davidritter — 18 April 2011 at 10:52am - Comments
Deforestation could increase in the Congo due to McKinsey advice
All rights reserved. Credit: © Greenpeace
Deforestation could increase in the Congo due to McKinsey advice

In her blog post last week, my colleague Tracy explained why Greenpeace has taken on one of the big beasts of the corporate jungle: the consultancy firm McKinsey. These guys are at the top of the tree when it comes to advising governments on forests, so we’ve published a report investigating  them called Bad Influence: How McKinsey-inspired plans lead to rainforest destruction. 

New report: Climate change will destroy the economy of most of the countries in the world

Posted by christian — 2 October 2009 at 4:49pm - Comments

A new report on the costs of adapting to climate change is a wake-up call to the rich world

There's a curious irony at the heart of climate change. We, that is, the rich countries, have largely caused the problem. But we aren't the one who are going to suffer the most because of it.

In fact, one of the main reasons we are as rich as we are is because we have burnt the most fossil fuels. Britain, for example, was the home of the largely-coal-powered Industrial revolution, and because we got an early lead on burning coal, we are not only relatively well off, we also lead the world in historical emissions. In total, throughout history, the British have emitted more carbon per head of population than anyone else.

Slaughtering the Amazon: World Bank withdraws loans from Amazon destroyers

Posted by christian — 18 June 2009 at 10:31am - Comments

slaughtering the amazon cover

Slaughtering the Amazon - Cattle ranching is the primary driver of forest destruction in the Brazilian Amazon, with 79.5 percent of deforested land used for cattle pastures.

Just two weeks after our exposé 'Slaughtering the Amazon' showed how the Brazilian cattle industry is decimating the Amazon rainforest, companies and the World Bank are already beginning to sever their links with the slaughterhouses and farms involved.

Greenpeace response on G20 communique

Last edited 2 April 2009 at 5:50pm
2 April, 2009

Commenting on the G20 communique, Greenpeace executive director John Sauven said:

"Tacking climate change on to the end of the communique as an after thought does not demonstrate anything like the seriousness we needed to see. Hundreds of billions were found for the IMF and World Bank, but for making the transition to a green economy there is no money on the table, just vague aspirations, talks about talks and agreements to agree."

World Bank forest protection scheme announced at Bali

Last edited 11 December 2007 at 3:15pm
11 December, 2007

Responding to the news that the UK government is set to commit £15m to a World Bank scheme which aims to reduce tropical deforestation, John Sauven, executive director of Greenpeace UK said:

"It would be unthinkable for the next phase of the Kyoto protocol not to address tropical deforestation, which is one of the biggest drivers of climate change. But world leaders can't use this as an excuse to avoid slashing emissions in their own countries - we urgently need to do both.

World Bank ditches shares in Congo-trashing company

Posted by jamie — 10 December 2007 at 6:20pm - Comments

Forest canopy in the Congo rainforest

There have been some great developments around our Congo rainforest campaign, as the FT reported on its website this morning that one of the arms of the World Bank will offload the shares it owns in a company known to be destroying the forest of the Democratic Republic of Congo (DRC).

The International Finance Corporation (IFC) has announced that it will divest its holdings in Olam International, a Singapore-based company which has operations in the DRC. The Congo report we released earlier this year showed how Olam was holding forest land granted in breach of the current moratorium which the World Bank itself helped establish and that it was also trading in dodgy timber. As a result, Olam has since given back its forest holdings to the DRC government, but it still buys illegal timber cut by local companies.

World Bank Group finances company involved in the illegal destruction of the Congo rainforest

Last edited 29 August 2007 at 3:40pm
29 August, 2007

The World Bank's International Finance Corporation (IFC) is financing a Singapore-based trading group, Olam International Ltd, which has been involved in trading illegal timber in the rainforest of the Democratic Republic of Congo (DRC). The world's 'local bank', HSBC, is also providing financial services to the company, in breach of its environmental policy. Olam is today expected to report much improved profits in its half yearly financial results.

How the World Bank and HSBC are investing in deforestation

Posted by jamie — 29 August 2007 at 2:53pm - Comments

Timber being sawn up in Bandundu province, DRC

Back in April, at the World Bank's spring meeting, there was much talk about the plight of the Congo rainforest. We'd just published a big report detailing how in the Democratic Republic of Congo (DRC) logging titles were being granted in breach of a moratorium that the bank had been instrumental in establishing. The report launch was so high profile, we were able to force DRC's rainforest high onto the agenda of the World Bank meeting and have also managed to secure another session at the upcoming autumn meeting.

Congo timber ship blocked

Posted by jamie — 6 July 2007 at 3:16pm - Comments

Greenpeace volunteers climb a crane at La Rochelle port in France

Right now, a group of Greenpeace climbers are perched on top of a set of cranes in the port of La Rochelle on the French Atlantic coast. They've been there since Wednesday night and as well as admiring a no-doubt magnificent view, they're also preventing a ship unloading its cargo of timber which has come from the Democratic Republic of Congo (DRC).

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