Western Institutions Bankrolling Dirty Power in Developing Countries | SolveClimate.com

Western Institutions Bankrolling Dirty Power in Developing Countries | SolveClimate.com: "Western Institutions Bankrolling Dirty Power in Developing Countries
by Mindy S. Lubber - Jul 15th, 2009
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* No More Dirty Coal
* ADB
* Big Business
* Clean Tech Sector
* Coal
* Developing Nations
* Environmentalists
* Investors
* World Bank

In Washington, it's a popular climate conundrum everyone talks about: Even if the U.S. lowers its greenhouse gas emissions, China and India are on track to dwarf the entire western world's as they build enormous coal-fired power plants. Politicians of all stripes regularly say we must get China and India to use less coal, the dirtiest of fossil fuels, to power their emerging economies.

But who do you think is financing all these new coal plants in the developing world?

Try the World Bank, the Asian Development Bank and other international public financial institutions supported by the world's wealthiest nations."