Record sums were invested last year in coal power – the most carbon intensive form of energy on the planet – by the World Bank, despite international commitments to slash the carbon emissions blamed for climate change. The World Bank said this week that a total of US$3.4bn ย – or a quarter of all funding for energy projects – was spent in the year to June 2010 helping to build new coal-fired power stations. Over the same period the bank also spent $1bn ย on looking and drilling for oil and gas.
Itโs a massive subsidy to Equinor, the Norwegian oil company behind the Bay du Nord offshore oil project.
A new childrenโs book by a Chevron-backed clean energy venture paints a sympathetic portrait of coal, oil, and gas.
Fossil fuel interests and climate science deniers have been leading the charge for more drilling.
After months of protests โ and a rushed legal deadline โ officials deny Texas developerโs project as residents warn of pollution and impacts on wildlife, water, and power.
