A Burst of "Green" Power Courtesy of the World Bunk!

on

Once the new Tata Ultra Mega power plant in western India is fired up in 2012 and fully operational, it will become one of the world’s 50 largest greenhouse-gas emitters. And the World Bank is helping make it possible. A year after World Bank President Robert Zoellick pledged to “significantly step up our assistance” in fighting climate change, the development institution is increasing its financing of fossil-fuel projects around the globe.

The $4.14 billion, coal-powered Ultra Mega plant will emit more carbon dioxide annually than the nation of Tunisia.

Related Posts

on
This funding, including significant sums received by MPs, “poses urgent questions for the government”, campaigners say.
on
Marc Andreessen, Ben Horowitz, and Greg Brockman are among the Silicon Valley megadonors reportedly linked to a campaign to influence voters in a state at the heart of the data center boom.
on
As more than a billion gallons of oil and gas wastewater flood beneath Ohio, pollution concerns reach its heated governor’s race.
on
The agency is loosening methane rules while keeping its authority to regulate them. Critics say the stance leaves federal climate law in limbo, inviting a bigger rollback later.