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Coal at Risk as Global Lenders Drop Financing on Climate
2013-08-06 06:00:00| Climate Ark Climate Change & Global Warming Newsfeed
Bloomberg: The worlds richest nations, moving to combat global warming, are cutting government support for new coal-burning power plants in developing countries, dealing a blow to the worlds dominant source of electricity. First it was President Barack Obama pledging in June that the government would no longer finance overseas coal plants through the U.S. Export-Import Bank. Next it was the World Bank, then the European Investment Bank, dropping support for coal projects. Those banks have pumped more than...
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Category:Electronics and Electrical