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.
- Peoples Sovereignty vs. Impunity Inc.: Counterpower and Struggles for Justice
- Getting Climate Finance Right
- TTIP – Why the World Should Beware
- Burning Our Bridges
- The Poor Get Prison: The Alarming Spread of the Criminalization of Poverty
- Off the Deep End: The Wall Street Bonus Pool and Low-Wage Workers
Stay in touch with our community of public scholars and get the latest cutting edge progressive analysis and commentary.