Archive for December, 2008

World Bank lending for coal up 256%

Monday, December 8th, 2008

Relying 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 the finances of - global efforts to fight climate change. (more…)