THE ANTI-DEVELOPMENT BANKS THAT WON’T LEND ON COAL/OIL/GAS PROJECTS

Here is an account of the policy of a number of large Western banks. In recent years, these banks have embraced manmade climate change alarmism as a key foundation for their lending policies. In particular, they refuse to fund the development of electric power generation via fossil fuels – thereby starving impoverished nations and families of desperately needed electricity.

Thankfully for the sidelined nations, Chinese banks have begun helping to finance coal- and gas-fired power in Asia and Africa. In the process, they have gained tremendous political and strategic leverage, at the expense of the United States, Europe

via climate science

https://ift.tt/2NfSWMH

July 14, 2018 at 01:30AM

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