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…)

SFCCD part 1 July 22

SFCCD part 2 July 22

SFCCD part 3 July 22

On July 1st, the World Bank approved the Climate Investment Funds and claims that donor countries have committed $4-5 Billion.

But US contributions are far from assured, and will not be appropriated until Spring 2009, at the earliest, making us suspect that the approval was rushed through in order to be able to present this during the upcoming G8 Summit.

See Reuters article:

world-bank-approves-climate-funds-before-g8-summit-tue-jul-1.doc