World Bank Must Stop Loans for Fossil Fuel Projects
Don Dears In its inquisition of any organization that defies the Paris Accord, the UNFCCC at COP 25 in Santiago, Chili, will require the World Bank to defend its actions and establish whether it has stopped loans to developing countries for constructing coal-fired power plants. It’s expected that the World bank will kowtow to the UNFCCC and submit that it will stop making loans for projects that support fossil fuels, such as loans for building refineries and pipelines in addition to coal-fired power plants. It has already responded to criticism from the International Consortium of Investigative Journalists (ICIJ) by saying: “The …