The World Bank Group (WBG) increased financing for both fossil fuels and large hydropower significantly this past year, while financing for clean energy dropped. Overall, only 8 percent of the Bank’s energy financing last year was aimed specifically at the poor.
The World Bank’s infrastructure program in Indonesia stipulates policies and government subsidies that promote the accelerated development of over 16 GW of coal power projects in the country ahead of developing feasible renewable alternatives.
Proponents of the Keystone XL pipeline regularly claim that the pipeline will replace heavy oil from Venezuela and elsewhere if it is built. In fact just this week, Rep. Lee Terry (R-NE) claimed that Venezuela’s recent offer of asylum for whistleblower Edward Snowden is somehow a reason to approve the pipeline. The reality is that crude delivered … Read More
New data reveals that a full 60 percent of gasoline produced at Keystone XL refineries was exported.
What if you knew that smoking that one last packet of cigarettes was going to give you cancer? Imagine if our understanding of cancer was so precise as to allow doctors to predict with virtual certainty that smoking that particular pack, which you just picked up at the corner store, would definitely be the last … Read More