Yesterday, UN Secretary-General Ban Ki-moon stressed the importance of making energy available to the poor as a foundation for combating poverty as world leaders gathered in New York this week at the Millennium Development Goal Summit. At a high-level event yesterday, the Secretary General said that it is lack of political will that is keeping … Read More
poverty
World Bank Pulls out of Chad Pipeline
It 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 spend the oil … Read More
Biofuels Forcing 30 Million into Poverty
As the global food crisis worsens, the aid agency Oxfam has warned that the replacement of traditional fuels with biofuels has dragged more than 30 million people into poverty. Oxfam has re-iterated what many people have been saying for a while that so-called “green policies” in developed countries are contributing to the world’s soaring food … Read More