Coal is a bad investment – for the poorest, for those consuming the power, for the World Bank, and more broadly, for all of us.
Hopefully, this is the dawn of a new day, when public financing of coal mines and power plants around the world is no longer acceptable. After 16 years of persistent pressure from IPS and other groups, our government seems to finally be listening.
An ideology of neoliberalism foisted on India by the World Bank and IMF was partly to blame for the blackout.
Expert Available: Daphne Wysham on India’s power outage
Gore’s call for the United States to source all its electricity from clean, renewable energy within a decade is truly revolutionary.
As it tries to paint its image green, the Bank backs an Indian coal plant being built by the Tata Group.