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Report Info

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

Tug of War

By Stephen Kretzman and Jim Vallette

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.

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