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World Bank lending arm sees off lawsuit by Indian fishermen
2016-03-30 08:00:00| Climate Ark Climate Change & Global Warming Newsfeed
Guardian: A Washington DC judge has ruled that the World Bank cannot be sued in a case brought by Indian fishermen and farmers who said that an investment by the Banks private sector arm in a giant coal-fired power plant had destroyed their livelihoods. In 2008 the International Financial Corporation (IFC) branch of the Bank announced a $450m loan for a subsidiary of the Tata Group conglomerate to build the power plant in Gujarat, billed as an essential project to help fuel Indias ongoing economic development....
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Category:Electronics and Electrical