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U.S. and World Bank might stop financing dirty coal plants
2013-06-28 21:14:00| Climate Ark Climate Change & Global Warming Newsfeed
Grist: The World Bank says it cares about climate change, so why is it providing loans to help developing countries build coal power plants? Same goes for America`s support for coal plants abroad. In recognition of this glaring climate policy disconnect, both the World Bank and the Obama administration appear to be finally backing away from financial support of such dirty energy enterprises. From Bloomberg: The World Bank plans to restrict its financing of coal-fired power plants to rare circumstances,...
Time for the World Bank to stop funding climate change
2013-04-03 21:52:00| Climate Ark Climate Change & Global Warming Newsfeed
Huffington Post: World Bank President Dr. Kim has spoken repeatedly about the damages that climate change will inflict on our children and grandchildren and the poorest throughout the world. This is a welcome signal that he understands the consequences of climate change, so now is the time for Dr. Kim to lead the World Bank Group in following those words with its deeds. That is the message that nearly 60 development, environment, faith-based, human rights, and community groups conveyed in a letter to Dr. Kim today....
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