AR-News: FORESTS ALERT: World Bank, Enact Your Plan to Stop Financing Coal and Oil

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From: "Forests.org" 
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FOREST CONSERVATION ACTION ALERT! 
World Bank, Enact Your Plan to Stop Financing Coal and Oil
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  By Forests.org, http://forests.org/
  June 11, 2004

Urge the World Bank to Protect the Environment, Human Rights and Local
Communities - While Supporting Clean Energy

TAKE ACTION @ http://forests.org/action/world_bank/

The World Bank will soon decide whether to phase-out lending to oil and
coal projects, and end support for extractive industries in
internationally recognized critical habitats - key environmental
recommendations made in their own "Extractive Industries Review" (EIR). 
Past and present financing of coal, oil and mining activities was found to
have failed to reduce poverty, and caused major environmental and social
problems.  Poverty reduction and sustainable development are suppose to be
the Bank's mission.  EIR recommendations include halting World Bank
financing for coal projects immediately, phasing out support for oil
projects by 2008, dramatically increasing investment in clean, renewable
energy, implementing a "no go zones" policy that would bar investments in
ecologically sensitive areas, providing local communities the right to
clear projects, and assurances of good governance and human rights in
project areas.  The report also recommends greatly increasing funding for
clean, renewable energy.  Please urge the World Bank's Executive Directors
to FULLY implement the extractive industry reforms - and in so doing to
use its financial resources to transform the world's energy economy from
fossil fuel to renewable energy sources.

TAKE ACTION @ http://forests.org/action/world_bank/


Networked by Forests.org, Inc., gbarry at forests.org

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