StreetScooby 5 #1 September 16, 2009 http://www.timesonline.co.uk/tol/news/environment/article6836112.ece#cid=OTC-RSS&attr=1185799 Quote The bank’s World Development Report says: “Developing countries are disproportionately affected by climate change — a crisis that is not of their making and for which they are the least prepared.... The World Bank is actually building large new coal power plants in developing countries. Quote The 260-page report advises against “locking the world into high-carbon infrastructure” but makes no mention of the bank’s plans to subsidise coal power plants in India, South Africa, Botswana and other developing countries. Last year the bank and its partner, the Asian Development Bank, approved $850million in loans to finance a coal-fired plant in Gujarat, western India. The Environmental Defence Fund, a US lobby group, said that the plant, the first of nine planned in India, would be one of the biggest new sources of greenhouse gases on Earth, emitting 26.7million tonnes of CO2 a year for the next 50 years. This whole global climate coalition is really looking more like a power grab. Take money from developed countries, give it to developing countries, and skim what you can in the process.We are all engines of karma Quote Share this post Link to post Share on other sites
