The Institute for Policy Studies released a report that shows that most oil projects supported by the World Bank supply industrialized country consumption - not developing countries' energy needs - and almost all benefit large corporations based in those countries. Halliburton leads the pack of companies benefiting from World Bank energy lending. "The Energy Tug-of-War: Winners and Losers in World Bank Fossil Fuel Finance" exposes the leading beneficiaries of 133 financial packages, worth over $10.7 billion, approved by the World Bank Group since 1992. The report was written by the Sustainable Energy and Economy Network (SEEN), a project of the Institute for Policy Studies.