“Follow the money” shows how banks feed the climate emergency—and what churches can do
“Follow the money” shows how banks feed the climate emergency—and what churches can do
iku
Thu, 10/15/2026 - 11:24
A webinar on 14 October, “ Follow the Money: Multilateral Development Banks, Fossils Fuels and Climate Justice, ” hosted by the World Council of Churches (WCC), examined where money is going, what kinds of energy systems and development pathways it is helping to finance, and who bears the costs and risks.
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HSBC headquarters in Canary Wharf, London. A British Airways flight passes by in the background.
Photo: Sean Hawkey/WCC
Athena Peralta, director of the WCC Commission on Climate Justice and Sustainable Development, who moderated the discussion, opened by reflecting that multilateral development banks—such as the World Bank—have pubic mandates, and very large balance sheets.
“ This webinar will examine where multilateral development bank money is going, and what kind of energy systems and development paths it is helping to finance, ” she explained. “ We will hear examples from Namibia and Zimbabwe as we will also discuss pathways for change. ”
Joe Athialy, executive director of the…
