Turn off the tap: World Bank uses US funds to push Paris and renewables

All gravy taps flow to Paris

Trump got the US out of Paris, but US taxpayers are still funding pointless climate-control deals.

The World Bank is supposed to be sorting out poverty. Instead it’s enriching the renewables industry, and keeping the poor stuck on unreliable low grade energy.

Trump pulled out of the Paris Climate Accords, but the US is spending billions to implement it

Tim Pearce, Daily Caller

The World Bank is spending millions in government funding from various countries, including the U.S., to implement climate mitigation strategies in line with an international agreement to fight climate change — the Paris climate accords.

No other country could sort out the World Bank as quickly as the US:

The U.S. is the World Bank’s largest supporter and shareholder owning 17 percent of organization’s shares. The next largest owner, Japan, owns just under 8 percent. Several bills moving through Congress would grant the World Bank, along with other Multilateral Development Banks, roughly $1.8 billion.

“Climate change is a threat to the core mission of the World Bank Group,” the World Bank’s 83 page Climate Change Action Plan for 2016-2020 states.

Leapfrog the poor into Neverland:

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July 16, 2018 at 11:38AM

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