South Africans say no to Eskom’s R29 billion World Bank loan
Communities, environmental groups, academics and NGOs today call on the World
Bank to cease and desist from a proposed loan of R29 billion ($3.75 bn) to Eskom. If
this loan – which may come up for a Board vote in March or April – goes through, poor
South Africans will have to bear the burden of Eskom’s debt and the World Bank’s cost
recovery programme, and climate change will intensify. A world campaign begins now. See Press Statement
World Bank money for Eskom will amplify South Africa’s energy, climate and
poverty crises. Read more...
Keep the Coal in the Hole
Critics of World Bank Financing for Eskom announce global "No Coal Loan" campaign. Dozens of civil society organisations will announce a global campaign against the World Bank and Eskom, endorsed by dozens of civil society organisations, with the intention of preventing a $3.75 billion loan (possibly $4 billion) that would dramatically raise South Africa’s world-leading carbon emissions and the price of electricity to ordinary people. The organisations represent millions of concerned citizens, community, environmental, labour and academic constituencies, in South Africa, the rest of the African continent and the world at large. Press Conference held simutaneously:
Durban: International Convention Centre, 45 Bram Fischer Road
Washington: Sierra Club headquarters, 408 C St NE
DATE: Monday, 22nd February 2010
TIME: 4pm South Africa time, 9am EST (Washington)
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