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Institute for Policy Studies

Report Info

  • Released April 1, 2004
Sustainable Energy and Economy Network » Report

Tug of War

The Winners and Losers of World Bank Fossil Fuel Finance

This report looks at the leading corporate beneficiaries of World Bank fossil fuel finance — Halliburton, Chevron, Shell, Total, Exxon, etc. — and makes clear the quid pro quo involved in these investments: We find that 82% of all World Bank oil projects are for export back to the wealthy Northern countries.