A new World Bank report confirms that an IFC-backed South African coal-fired power plant threatens water quality and other environmental depredation, as objectors have long argued. See http://www.minesandcommunities.org/11730.
But the agency refuses to withdraw a loan for a similar plant in India which is already allegedly destroying the livelihoods of local fisherfolk. See http://www.minesandcommunities.org/11735.
An article in Pambazuka criticizes the Bank’s continuing financing of fossil fuels and offers a throughgoing critique of ‘green growth’ capitalism: see http://pambazuka.org/en/category/features/82578.