Archive for the 'World Bank' Category
World Bank lending for coal up 256%…
1 Comment Published by Steve Kretzmann October 8th, 2008 in Clean Development Mechanism, Coal, G8, World Bank, oil subsidiesRelying exclusively on the World Bank’s own figures, a new analysis shows World Bank Group lending to coal, oil and gas is up 94% from 2007, reaching over $3 billion. Coal lending alone has increased an astonishing 256% in the last year.
This is the same World Bank that would like to lead - and control [...]
World Bank Pulls out of Chad Pipeline
1 Comment Published by Andy Rowell September 10th, 2008 in African Oil, World Bank, povertyIt was meant to be the test-case that showed that oil could benefit the poor of Africa. It was one of the World Bank’s biggest ever investments on the continent.
But yesterday, the Bank pulled the plug on the infamous agreement with Chad over the Chad-Cameroon pipeline and repeated failed promises to [...]
