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Institute for Policy Studies

Report Info

  • Released September 3, 2002
Sustainable Energy and Economy Network » Report

Transnational corporate beneficiaries of World Bank Group fossil fuel projects,1992-August 2002

In the globaliztion game of World Bank financing for fossil fuels, the biggest winners are some of the largest transnational corporations. A list about the facts of these fossil fuel welfare kings from 1992 to August 2002 is exposed in this report.

This study of World Bank Group financing for fossil fuels finds that the big
winners of this globalization game are some of the largest transnational corporations in
the world.

This report covers two lists naming transnational corporations that have benefited from World
Bank Group financing for fossil fuels since 1992, one table identifying the top 50
transnational corporate beneficiaries, another table itemizing 130 corporations’ ties to
World Bank projects.