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 – 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 on looking and drilling for oil and gas.
Proposed legislation would further lower regulatory hurdles, despite environmental and public health risks.
Insiders aren’t surprised as ExxonMobil, the last remaining proponent of green algae biofuel, ends research.
Bayer’s efforts to sway public opinion are part of a strategy to “fight any sustainable transition which would harm its business”, say campaigners.
Greece’s worst rail disaster ever is the result of the same corporate cost-cutting and deregulation that led to East Palestine and Lac-Mégantic disasters.
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