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Article

1 Sep 2001

Author:
Stephen Kretzmann, Campaigns Coordinator for the Sustainable Energy and Economy Network of the Institute for Policy Studies, in Multinational Monitor

Big Oil And The Bank: Clear And Present Danger

At base, say critics, the issue is that Bank lending for fossil fuel projects runs counter to the Bank’s stated mission of helping the poor. Lending for fossil fuels actually harms both the poor and the environment, they argue.