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U.S. and World Bank might stop financing dirty coal plants
2013-06-28 21:14:00| Climate Ark Climate Change & Global Warming Newsfeed
Grist: The World Bank says it cares about climate change, so why is it providing loans to help developing countries build coal power plants? Same goes for America`s support for coal plants abroad. In recognition of this glaring climate policy disconnect, both the World Bank and the Obama administration appear to be finally backing away from financial support of such dirty energy enterprises. From Bloomberg: The World Bank plans to restrict its financing of coal-fired power plants to rare circumstances,...
World Bank Closes the Door on Coal Financing
2013-06-28 17:19:00| Climate Ark Climate Change & Global Warming Newsfeed
TckTckTck: From the leaked World Bank report: [The World Bank] will cease providing financial support for greenfield [new] coal power generation projects, except in rare circumstances where there are no feasible alternatives available to meet basic energy needs and other sources of financing are absent. As a powerful funder of global energy projects--the Bank spent $8.2 billion on energy projects in the 2012 fiscal year--this decision is pivotal for shifting global investments away from coal, one of the...
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Thousands due bank payments redress
2013-06-28 13:59:46| BBC News | Business | UK Edition
Up to 30,000 consumers may be eligible for compensation, after some banks failed to cancel regular payments from their accounts.
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bank
thousands
payments
Bishop held in Vatican bank inquiry
2013-06-28 10:25:43| BBC News | Business | UK Edition
Bishop Nunzio Scarano is arrested in connection with an inquiry into the Vatican bank scandal over allegations of corruption and fraud.
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bank
inquiry
vatican
Merkel: Bank tapes contemptible
2013-06-28 10:15:38| BBC News | Business | UK Edition
The leaked Anglo Irish Bank telephone conversations are damaging democracy, German Chancellor Angela Merkel says.
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