building a case against oil aid
In fact, more often the opposite is true. Still, financial institutions and governments keep spending billions of dollars on pipelines and extraction in the name of development.
Our June 2008 briefing “Poverty, Climate and Energy: the Case against Oil Aid” sets out once and for all the arguments for halting subsidies for fossil fuels. Debunking the three main arguments used by proponents of oil aid, and specifically looking at the role of the World Bank, the briefing is a quick summary of the discussion to date.
In cooperation with Jubilee South and Oil Change International, Friends of the Earth International sent the briefing to decision makers and distributed it at events including the annual meeting of the Asian Development Bank and a major conference on the future of the World Bank in July 2008. Various other organizations also expressed an interest in the briefing, and ordered stacks of them.
The movement away from fossil fuel subsidies is gaining momentum, not least in the light of climate change, access to energy and the ongoing socio-environmental conflicts generated by the sector.