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The World Bank's private sector arm pocketed millions from an equity investment in a Philippine bank, while spending nothing on remedy for the harm caused by 10 new coal-fired power plants it financed. MANILA, 7 October 2026 — On the eve of the World Bank Group Annual Meetings in Bangkok, new analysis reveals the International Financial Corporation (IFC) and its Capitalisation Fund made an estimated US$39 million in total return from its investment in a Philippine bank, whose

Lucena City, Philippines — Quezon Province Renewable Energy Convenors (QPREC) conducted a public roundtable discussion (RTD) on June 23, 2026 in Lucena City and solidified its path towards renewable energy (RE). The RTD was one of QPREC's plans from its initial meeting on May 22, 2026. Together with the labor sector, QPREC gathered in Tayabas, Quezon and convened the Dioceses of Gumaca and Lucena, the Prelature of Infanta, Quezon for Environment (QUEEN), Philippine Movement f

Quezon City, Philippines — In response to the pressing concerns brought by the raging climate crisis, the Philippine Movement for...