In direct contrast to its newly-appointed leadership role to address climate change and finance renewable energy, a new report from Friends of the Earth (FOE) exposes the World Bank's failure to meet its own modest commitments to shift support away from dirty energy. The report points out that as "the world's foremost multilateral development institution", the Bank could be "in a key position to drive policy and financing for clean, renewable energy and energy efficiency in developing countries". The report reveals that the Bank has failed to reach the commitment it made last year to increase its renewable energy financing by 20 per cent each year for the next five years, and has continued to pump massive amounts of low-interest loans into oil, gas and coal projects.