Whirled Bank

Does the bank have a legitimate role in solving the climate crisis?

Posted by Erik Hoffner (Guest Contributor) at 3:41 PM on 21 May 2008

Read more about: environmental justice | economy | World Bank | climate | carbon offsets

The World Bank, which once upon a time wanted to rid the world of poverty, is now trying to position itself as climate crisis savior -- but at the same time is continuing its fossilized ways. So says EarthBeat Radio -- check out their illuminating podcast on it. Janet Redman, the author of a report entitled "The World Bank: Climate Profiteer," is interviewed about a $2 billion portfolio of carbon offsets for industries in the global north to be developed in the global south. Sadly, the Bank program suffers from a lack of transparency, benefits dirty industries most, and puts the alleviation of poverty at the bottom of its list of priorities. Doesn't sound like a world of change.

For story: Whirled Bank
2 Comments | Post a Comment

Thermal depolymerization?

If the board, contents of the executive offices and assorted files were fed into a thermal depolymerization refinery we might get a few hundred gallons of low-carbon biodiesel out of the process.

Otherwise, no.

Put the Carbon Back

by Pangolin at 11:16 PM on 21 May 2008

Wolfi was there

That should tell us all about the world bank's agenda.

All that cash turned into micro-development loans for local solar, wind, biogas, pedicab and bike conversions to plugin/human power hybrids, conversion to biogas/natural gas tractors,trucks, buses, and trains, and lots of organic ag with the biodigestor fertilizer. That would be a kinder, better world bank.

Instead it is designed to loan money to corporations engaging in industrial destruction and military dictatorships that benefit the industrial corporate destruction.

http://amazngdrx.blogharbor.com/blog John Schneider, Northern Wisconsin

by amazingdrx at 12:48 AM on 22 May 2008

ADVERTISING POLICY

You are not logged in. Thus, you cannot post a comment. If you have an account, log in. If you don't have an account, well, by all means go make one! Meet you back here in five.