This report extensively documents the actual fossil fuel projects financed by the World Bank and their greenhouse gas emissions, starting in 1992 at the Rio Earth Summit, through 1997. It finds that the World Bank supported projects that will add carbon emissions to the Earth’s atmosphere equivalent to more than all current annual global fossil fuel emissions. It also funds that, although earmarked for development assistance and poverty relief, 9 out of every 10 World Bank fossil fuel investments actually end up enriching multinational corporations based in the powerful G-7 countries. The poorest one-third of the planet get less than one-tenth of the World Bank’s energy investments while absorbing most of the environmental and social costs of fossil fuels.
- Make Your Investments Fuel Change
- Forcing an Island of Peace to Host a Billion-Dollar Military Base
- Making Windmills out of Warplanes
- The Fight to Keep Toxic Mining—and the World Bank—Out of El Salvador
- Drilling Through the Noisy Climate Debate
- While We March for the Climate, Governments Meet with Polluters
- Darden’s Golden Goodbyes
- COMBAT VS. CLIMATE: The Military and Climate Security Budgets Compared
- Executive Excess 2014: The Obamacare Prescription for Bloated CEO Pay
- Walmart’s Executive Bonuses Cost Taxpayers Millions
- The One Percent at State U
- A Call for the Building of an Alternative Legal Framework to the International Investment Treaties: favoring the Public Interest while doing away with Transnational Corporate Impunity
Get the latest from IPS in your inbox.