Exclusive: Report claims Australia’s shareholdings in development banks has made it responsible for investing $828m in fossil fuel projects over five years
Fyfe Strachan, the land and inclusive development director at Jubilee Australia Research Centre, said Australia was a major shareholder in the three development banks.
“You can’t hide behind the fact that we can’t trace [that contribution] to specific projects,” said Strachan.Sign up for Guardian Australia’s free morning and afternoon email newsletters for your daily news roundup Dr Susan Engel, an associate professor at the University of Wollongong and an expert on international development banks, said the investments of the banks – as well as the organisations themselves – help set global agendas, including on the climate crisis.
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