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Report Finds World Bank’s Energy Lending Fails to Target the Poorest

Tuesday, June 7, 2011 FOR IMMEDIATE RELEASE CONTACT: Elizabeth Bast, Oil Change International, 202-641-7203, ebast [at] priceofoil [dot] org Patricia Brooks, ActionAid USA, 202-351-1757 Report Finds World Bank’s Energy Lending Fails to Target the Poorest, Calls for Decentralized Clean Energy...

Richest Countries Spending Billions to Expand Unburnable Carbon Stock

A new report released today by Oil Change International outlines billions of dollars of annual subsidies from the seven richest countries in the world to expand fossil fuel reserves, despite repeated commitments from those same countries to phase them out.