Thursday, April 10, 2008

Latest on World Bank investments for coal fired power stations

...the IFC, the bank's private investment affiliate, 
approved a $450 million investment in the Tata Ultra Mega power project, which would produce nearly 25 million tons of CO2 per year for at least 25 years, making it one of the top 50 sources of CO2 in the world. 

Being anxious about funding in coal-fired power stations is one thing, changing the rules for investment appears to be quite another.

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