World Bank and Eskom: Banking on Climate Destruction 2009

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Banks funding fossil fuel development is not a new debate. Organisations have been challenging this for more than a decade now. During this period of intense and urgent negotiations on a new ‘climate deal’ loans such as this that favour the present carbon intensive development paradigm for corporate profit are a clear indication to the public that the World Bank and governments of the world in general are not honest in their attempts to deal with the real global crisis, our dependence on fossil fuels.