Posts Tagged ‘World Bank’

AGW and International Wealth Transfer to Bankers

Sunday, July 24th, 2011

Source: SPPI

by Dennis Ambler

The Banks are after our money again. 

“Using public funds to remove risks” means that the wealthy may take any level of risk to further enrich themselves, because if anything brings huge losses, the taxpayers will be forced to bail them out.  If the risks result in huge returns for the wealthy, the taxpayers received zero.  Investment and loan guarantees by governments to large corporations and banks are wealth transfers at best, theft at worse.

this account comes from the Climate Group website: The Climate Group.

Date:July 23, 2011

“NEW YORK: On July 20, The Climate Group and Theodore Roosevelt IV of Barclays Capital hosted a roundtable dialogue with Andrew Steer, Special Envoy for Climate Change at the World Bank with senior members of the financial sector, to discuss how public sector funding could be used to stimulate the nearly $1 trillion of private sector investment needed to address climate change worldwide. (more…)

UN’s World Bank Seeks More International Wealth Transfer

Monday, June 6th, 2011

Source:  SPPI

by Dennis Ambler

As highlighted in High Level Climate Finance, 17 February 2011 – http://scienceandpublicpolicy.org/originals/high_level_climate_finance.html with additional relevant commentary in

The European Emissions Trading Scheme -15 September 2010  http://scienceandpublicpolicy.org/originals/emissions_trading_scheme.html

and

Changing The Engine Of The Global Economy – The Next UN Strategy – 20 July 2010

http://scienceandpublicpolicy.org/originals/changing_global_economy_engine.html

World Bank Appoints Andrew Steer as Special Envoy for Climate Change (more…)

Things More Worrisome Than AGW: World Bank to suggest CO2 levy on jet, shipping fuel

Monday, June 6th, 2011

Source:  Reuters

BONN, Germany, June 5 (Reuters) – The World Bank will suggest a global levy on jet and shipping fuel in recommendations to G20 governments later this year on raising climate finance, a senior official said on Sunday.

Developed countries have already written off chances of agreement on a new binding deal at a U.N. conference in Durban this year, placing a new focus on piecemeal efforts including fund-raising.

Binding targets under the Kyoto Protocol cap the greenhouse gas emissions of nearly 40 industrialised countries but expire in 2012 and now look unlikely to be extended in time.

The World Bank is focusing on a levy on shipping and jet fuels in a report to G20 finance minister in October, among other efforts to keep climate action on track. (more…)

Things More Worrisome than AGW — World finance leaders warn of uncertainty

Tuesday, April 19th, 2011

Source:  http://english.cntv.cn/program/newshour/20110417/101737.shtml

The International Monetary Fund and World Bank have held their spring meetings at the World Bank building in the US capital, Washington DC.

They discussed the outlook of the global economy, and the challenges that lie ahead.

It’s the fourth year of the global financial crisis, and the world economy is slowly picking up. But there are still great vulnerabilities and uncertainties.

That’s the message world financial leaders are sending out from their spring meeting. (more…)

SPPI Paper: Contraction and Convergence

Wednesday, December 29th, 2010

Contraction and Convergence

Shut down the Developed Nations, transfer our Wealth and Technology to the Developing Nations

by Dennis Ambler | December 22, 2010

We are entreated daily that the West must cut its industrial base because the planet is in danger from our CO2 emissions and our politicians happily fall into line to impose draconian energy taxes. There is somewhat of a disconnect when we read that industrialisation is proceeding apace in developing nations, with money from the industrialised nations. The announcement from Fiat, Italy, is another example of global corporations moving their operations to the developing world where they can emit to their heart’s content without penalty and get paid by us for doing so, with money we give to the UN for “development”.

“Fiat announced this week that it plans to invest 3 billion Real (approx. 1.7 billion USD) to build a second plant in Brazil, the carmaker’s No. 2 market after its native Italy.” (more…)

A Nest of Carbon Vipers

Sunday, October 31st, 2010

Source: SPPI

by Dennis Ambler

Vast sums of money, influence and power are involved in carbon mitigation schemes, and yet there is never any mention in the media of these massive and lucrative conflicts of interest. They appear quite content swallowing the diversionary tactics pushed by the likes of DeSmog Blog and Greenpeace ExxonSecrets with their claims of “oil- company funded deniers”.  It is doubtful that mainstream journalists ever bother to look behind the scenes at these people, yet it is all available on official websites.

It is no wonder that Christiana Figueres wanted the Kyoto Mechanism to continue, when she addressed the UNFCCC Tianjin Conference on the 4th of October, because without it her friends in the carbon business would find their virtual world starting to disappear, as evidenced by the recent problems at the Chicago Climate Exchange. (more…)

Green Agenda: Targeting the World’s Poor

Monday, October 18th, 2010

Source:  NY Times

The World Bank’s Palm Oil Mistake

By THOMPSON AYODELE

Lagos, Nigeria

WHEN the World Bank held its annual meeting last weekend, there was much discussion of trade imbalances and currency wars, but nothing about Nigerian palm oil. That’s a shame, because the bank’s loans for plantation agriculture in sub-Saharan Africa and other developing regions — some $132 million of which have gone to palm oil cultivation — have been humanitarian and economic triumphs. Yet now, under misguided pressure from environmental groups, the bank is turning its back on the program.

Palm oil, which is extracted from the pulp of the oil palm, is an essential food in sub-Saharan Africa and other poor regions. Accounting for almost 40 percent of the world’s vegetable oils, it is an indispensable source of vitamins and calories. The developing world is heavily reliant on palm as a source of nutrition because the plant thrives in tropical climates and yields significantly more fats and calories than other options. It gives the developing world — where hundreds of millions of men and women still live on a few dollars a day — the most caloric bang for the buck. (more…)

Two Lies Make A Truth In Green and Liberal Views on Climate Science

Thursday, September 9th, 2010

Source:  Canada Free Press

by Dr. Tim Ball

In the dogmatically blind worlds of liberalism and environmentalism, the truth is irrelevant

In the world of green and liberal politics, where they practice extreme environmentalism, nothing bears examination: two lies make a truth. We now learn that Bjorn Lomborg, who was never a climate skeptic, has magically disavowed that status. As the entire mockery of human induced global warming collapses, it is a convenient conversion.

The Guardian tells us that Bjorn Lomborg, ”The world’s most high-profile climate change sceptic is to declare that global warming is “undoubtedly one of the chief concerns facing the world today” and “a challenge humanity must confront”, in an apparent U-turn that will give a huge boost to the embattled environmental lobby.” The problem is it is completely false. His message on climate in his new book is exactly the same as it has been all along. (more…)

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