"The World Bank is spending billions of pounds subsidising new coal-fired power stations in developing countries despite claiming that burning fossil fuels exposes the poor to catastrophic climate change. The bank, which has a goal of reducing poverty and is funded by Britain and other developed countries, calls on all nations in a report today to “act differently on climate change”.
It says that the world must reduce its dependence on fossil fuels, but it is funding several giant coal-burning plants that will each emit millions of tonnes of carbon dioxide a year for the next 40 to 50 years.
Britain is contributing £400million to a World Bank fund that claims to support “clean technology” but is financing coal power plants."
Ben Webster reports for the Times of London September 16, 2009.
"World Bank Spends Billions on Coal-Fired Power Stations"
Source: London Times, 09/16/2009