Friday, December 14, 2012

The World Bank's Climate Hypocrisy

Mother Jones: It's enough to give you whiplash. Last month, the World Bank put out a devastating new report on why 4 degrees Celsius of global warming "simply must not be allowed to occur." This month, the Bank is considering whether to provide financing for a new coal-fired power plant in Mongolia. The World Bank Group's private funding arm, International Finance Corporation, is considering support for the Oyu Tolgoi copper and gold mine project in the South Gobi Desert, a project that also includes a 750...

URL: http://www.motherjones.com/blue-marble/2012/12/world-bank-worries-about-climate-keeps-financing-coal

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