Homeowners, already burdened by escalating premiums driven to a large extent by unchecked greenhouse gas emissions, now find themselves dropped by their insurers. Meanwhile, these insurers continue to profit from fossil fuel expansion, further exacerbating climate risks.
Colombia’s thirty-four páramos are unique, high-altitude wetland ecosystems that serve as vital sources of freshwater for nearby inhabitants’ survival. To those who don’t directly rely on a healthy páramo ecosystem for life, however, these highlands have a different draw: precious metals buried deep beneath the surface. Therein lies the problem. In 1994, Greystar Resources Limited, … Read More.
It’s a truism in environmentalism that the farther you are from the impact of your action, the less you know and, for the most part, the less you care. That’s just what the International Finance Corporation (IFC)—the private sector lending arm of the World Bank—has done through its investments in so-called financial intermediaries (FIs). A … Read More.
Following the UN climate talks in Durban can be a tedious business. Even for a conference junkie like me. There are times when the discussions get so mired in petty political bargaining that it’s hard to keep the bigger picture in mind. People seem to forget why they’re actually there: to find a solution to … Read More.
After six days and 322 arrests (and counting), the Tar Sands Action is in full effect. This two-week long protest is being staged on the sidewalk in front of the White House in Washington, DC, plainly visible to government employees, diplomats and tourists alike. Concerned citizens have travelled from all 50 states and Canada to … Read More.
We’re off to Vancouver! As I type this post at 30,000ft flying over Ontario, we are in crunch time preparing for Goldcorp’s Annual General Meeting (AGM) in Vancouver, BC this Wednesday, May 18th! CIEL is a member of the International Coalition Against Unjust Mining in Guatemala (CAMIGUA), which works to defend the rights of the … Read More.
Last time I blogged, I wrote about how coal-based power projects are not as cheap as they seem. This is because coal projects have a number of hidden social and environmental costs or externalities that are either under-valued or excluded from the typical economic costs calculus. Today, I’d like to highlight a recent case that … Read More.
Today, CIEL, along with Amnesty International, Bretton Woods Project, and International Accountability Project, submitted a letter to the Vice President and CEO of the IFC, Lars Thunell, urging the IFC to respect and protect human rights. What is the IFC? The International Finance Corporation (IFC), the private sector lending arm of the World Bank, lends … Read More.
On March 1, 2011, activists will hold rallies in cities around the world to mark a Day of Action, calling on the World Bank to phase out lending for fossil fuel generated power. For those who can’t attend in person, there will be virtual actions on the same day, which is very exciting! Most often, … Read More.
As the muted colors of the Guatemalan altiplano blurred by the tinted windows of the van, something in the valley caught my eye: an enormous, nearly glowing chartreuse-colored body of water. Closer inspection revealed this unnatural color emanated from the residual waters in the tailings pond of Goldcorp Inc.’s Marlin Mine in San Marcos, Guatemala. … Read More.