October 08, 2008
World Bank Group Fossil Fuel Financing, 2004-2008
From the report "Dirty is the New Clean," new facts about the World Bank Group’s lending to coal, oil, and gas which is up 94% from 2007.
Share:
Relying exclusively on the World Bank’s own figures, our analysis shows World Bank Group lending to coal, oil, and gas is up 94% from 2007, reaching over $3 billion. Coal lending alone has increased an astonishing 256% in the last year.
By comparison, the Bank reported that renewable energy and energy efficiency lending is up 87%, with the vast majority going to support large hydropower projects and supply-side energy efficiency. Only $476 million went this year to support “new renewables”. That represents only a 13% increase over last year’s $421 million, according to the Bank’s own number.
Subscribe to our newsletter
Further reading
Reports | May 26, 2026
The True Cost of the Military in Hawaiʻi
A comprehensive analysis of the economic, environmental, strategic, and social impacts of the U.S. military presence in Hawaiʻi
Reports | May 26, 2026
The Dark Side of the Energy Transition: Green Colonialism in Southern Honduras
Multinational corporations exploited demand for green energy to shake down some of the most impoverished communities in the Americas.
Reports | Apr 23, 2026
What Did the U.S. Attack on Venezuela Cost?
The full operation cost at least $4.7 billion — a figure that may continue to rise.
