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The World Bank is spending billions of pounds subsidising new coal-fired power stations in developing countries despite claiming that burning fossil fuels exposes the poor to catastrophic climate change. The bank calls on all nations in a report today to “act differently on climate change”.
It says that the world must reduce its dependence on fossil fuels, but it is funding several giant coal-burning plants that will each emit millions of tonnes of carbon dioxide a year for the next 40 to 50 years.
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.
The bank is also contributing $5billion towards South Africa’s power generation expansion plan, which includes six coal plants.
The Globablists are winning and the future looks bad not just for the industrialized world, but the underdeveloped nations as well since they are being usurped as well through debt instruments.
It says that the world must reduce its dependence on fossil fuels, but it is funding several giant coal-burning plants that will each emit millions of tonnes of carbon dioxide a year for the next 40 to 50 years.
Isn't the hypocrisy astounding?
Just more evidence they really don't care about what they're fighting for but are using the environmental problems to further their agenda.
"US planning to weaken Copenhagen climate deal, Europe warns
Europe has clashed with the US Obama administration over climate change in a potentially damaging split that comes ahead of crucial political negotiations on a new global deal to regulate greenhouse gas emissions.
There are groups in this world who have turned our pollution problems into a marketable commodity.