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World Bank rejects energy industry notion coal can cure poverty

2015-07-30 15:05:00| Climate Ark Climate Change & Global Warming Newsfeed

Guardian: The World Bank said coal was no cure for global poverty on Wednesday, rejecting a main industry argument for building new fossil fuel projects in developing countries. In a rebuff to coal, oil and gas companies, Rachel Kyte, the World Bank climate change envoy, said continued use of coal was exacting a heavy cost on some of the worlds poorest countries, in local health impacts as well as climate change, which is imposing even graver consequences on the developing world. In general globally...

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