Tag: ICBC
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ICBC Bails on Financing $3 Billion Sengwa Coal Power Plant in Zimbabwe
Environmental groups in Zimbabwe are celebrating the news that China's largest bank, the Industrial and Commercial Bank of China (ICBC), has decided not to fund the controversial $3 billion Sengwa coal-fired power plant. This a milestone decision since ...
China’s Largest Commercial Bank Says It Plans to Phase Out Financing Coal Projects
The chief economist at China's largest bank, the International Commercial Bank of China, and one of the world's largest financiers of fossil fuel projects said the bank will begin to phase out support for coal power projects. Zhou Yueqiu told a ...
Podcast Transcript: Kenya Tribunal Blocks Chinese-Financed Coal Power Plant
Eric: Hello, and welcome to another edition of China in Africa podcast. I'm Eric Olander and as always, I'm joined by Cobus van Staden, a senior China-Africa researcher at the South African Institute of International Affairs in Johannesburg, ...
Kenya Tribunal Blocks Chinese-Financed Coal Power Plant
Kenya's National Environmental Tribunal ruled this week that the government and its industry-allies failed to submit a proper environmental impact assessment to build a coal power on Lamu island. The $2 billion plant, with more than half of the financing coming from the Industrial ...