President Barack Obama and his radical EPA are doing everything possible to put an end to coal-fired power plants in America. That is not news to any of Asylum Watch readers, I know. But, now it seems the insanity has spread to the World Bank. What makes that surprising is the reason for the World Bank’s existence which, according to Wikipedia is:
The World Bank’s official goal is the reduction of poverty. According to its Articles of Agreement (as amended effective 16 February 1989), all its decisions must be guided by a commitment to the promotion of foreign investment and international trade and to the facilitation of capital investment.
I’m thinking that Wikipedia needs someone to update their information on the World Bank because it is a bit difficult for poor countries to develop without cheap energy and the cheapest energy is often from coal-fired power plants and the World Bank has decided to fight “climate change” instead of poverty. The MB50’s B;og has the story:
The World Bank has approved a new energy initiative that will severely limit funding of coal-fired power plants and projects around the world, meaning developing countries could be unable to obtain access to cheap electricity.
“It will make a difference. [It will] be more expensive for underdeveloped countries to obtain the cheapest form of electricity,” Milton Catelin, Chief Executive for the World Coal Association, told FoxNews.com. “I think the World Bank has moved away from their original purpose and they have failed with poverty eradication so they are jumping on the climate control bandwagon.
“But for the benefit of society as a whole, they [the World Bank] should be at a balance between eradicating poverty and climate control,” he added.
The World Bank has been going in a new direction under current president Jim Yong Kim, the first scientist to head the group, and has taken a more aggressive stance on climate change.
Now, Catelin said, “The reality is that they listen to the administration in Washington which has taken a negative stance on coal.
“It’s ridiculous to think that the World Bank has anything to do with poverty eradication anymore. They’ve become nothing more than another international body.”
So, it is save the planet from non-existent global warming and to hell with the world’s most vulnerable people.
This really is an asylum we live in, isn’t it?
Well, that’s what I’m thinking. What are your thoughts?