Press Release

Press Release: Fossil Free ADB reaction to Asian Development Bank draft energy policy

Press Release / By Fossil Free ADB Coalition

The Asian Development Bank issued its draft energy policy on Friday following the conclusion of its 54th Annual Meeting and clarion calls from the United Nations to end financing for all fossil fuels including gas. This first draft has ruled out financing for coal but allows for continued gas finance which dominates the ADB’s fossil fuel lending.

Press Release: New analysis shows ADB has spent $4.7 billion financing gas

Press Release / By Fossil Free ADB Coalition

A new analysis shows the Asian Development Bank has spent $4.7 billion financing gas projects in the region. This undermines its stated commitments on climate and efforts to achieve a “prosperous, inclusive, resilient, and sustainable Asia and the Pacific.”

Press Release: New coalition calls on ADB to make climate pledge & end fossil fuel finance

Press Release / By Fossil Free ADB Coalition

Civil society organizations and people’s movements from Asia, Europe, North America, and Australia have launched a “Fossil Free ADB” campaign to pressure the Asian Development Bank (ADB) to end its financing and support for gas, coal and oil.