An article from ProPublica exposes how the World Bank Group is backing up biodiversity offset projects via its arm that works with private companies, the International Finance Corporation, which has funded at least 19 with biodiversity offsets. The article focuses on the Compagnie des Bauxites de Guinée, a mining company which sought funding to expand its mining operation in northwest Guinea. The expansion as well as the offset project has enabled the devastation of villages and helped a mining company justify the deaths of endangered chimps. Read the article in English here.
An article from ProPublica exposes how the World Bank Group is backing up biodiversity offset projects via its arm that works with private companies, the International Finance Corporation, which has funded at least 19 with biodiversity offsets.