Stephanie
Diamond Member
- Jul 11, 2004
- 70,230
- 10,864
- 2,040
Unbelievable, He's not just HURTING us now with his narrow minded views and policies. the thug/dictator wannabe can't bend on anything. it's either his way or you get thrown under the semi on the Highway.
SNIP:
His war on coal is a big winner for China and a big loser for the world’s poor.
By H. Sterling Burnett – 5.12.15
Among the many foreign policy blunders for which President Barack Obama will be remembered, few will arguably have as lasting a negative impact on U.S commercial interests and our position of moral leadership in the world as the pressure the president applied to the World Bank to cease funding coal-fired power plant projects in developing countries.
According to World Bank Executive Director Whitney Debevoise, “The Obama Administration believes that the Multilateral Development Banks (MDBs) have a potentially critical role to play in the future international framework for climate finance, and, in particular, to assist developing countries in mitigating greenhouse gas emissions and… build demand for no or low carbon resources.”
The World Bank’s decision to follow the Obama administration’s lead had an immediate, dramatic effect in Pakistan, shutting down construction of the Thar Coal and Energy Project, which depended on World Bank financing.
Dramatic effects often result in dramatic responses.
The world is rejecting the U.S.-led World Bank’s decision to defund fossil fuel energy development. Countries and international agencies are creating new development mechanisms outside of and competing with U.S.-controlled financial institutions. If they are successful, millions of people will be brought out of poverty, despite a diminished U.S. role.
China stepped in to replace the World Bank’s withdrawn financing for coal-fired power plants in Pakistan, agreeing to provide up to $37 billion in investment to generate 16,400 MW of power.
In a more profound and permanent move, China is leading the development of a new financing institution to counter the World Bank’s leverage. The Asia Infrastructure Investment Bank will get $50 billion in initial capital from China to invest in roads, cellphone towers, railways, airports, power plants, and other infrastructure projects across Asia.
Embarrassingly, despite the desperate, obvious need people in developing countries have for energy to reduce the grinding poverty crushing them, the Obama administration fiercely lobbied U.S. allies not to join the new bank.
ALL of it here;
Read more at Obama s Climate Obsession Harms U.S. Interests and Moral Standing The American Spectator
SNIP:
His war on coal is a big winner for China and a big loser for the world’s poor.
By H. Sterling Burnett – 5.12.15
Among the many foreign policy blunders for which President Barack Obama will be remembered, few will arguably have as lasting a negative impact on U.S commercial interests and our position of moral leadership in the world as the pressure the president applied to the World Bank to cease funding coal-fired power plant projects in developing countries.
According to World Bank Executive Director Whitney Debevoise, “The Obama Administration believes that the Multilateral Development Banks (MDBs) have a potentially critical role to play in the future international framework for climate finance, and, in particular, to assist developing countries in mitigating greenhouse gas emissions and… build demand for no or low carbon resources.”
The World Bank’s decision to follow the Obama administration’s lead had an immediate, dramatic effect in Pakistan, shutting down construction of the Thar Coal and Energy Project, which depended on World Bank financing.
Dramatic effects often result in dramatic responses.
The world is rejecting the U.S.-led World Bank’s decision to defund fossil fuel energy development. Countries and international agencies are creating new development mechanisms outside of and competing with U.S.-controlled financial institutions. If they are successful, millions of people will be brought out of poverty, despite a diminished U.S. role.
China stepped in to replace the World Bank’s withdrawn financing for coal-fired power plants in Pakistan, agreeing to provide up to $37 billion in investment to generate 16,400 MW of power.
In a more profound and permanent move, China is leading the development of a new financing institution to counter the World Bank’s leverage. The Asia Infrastructure Investment Bank will get $50 billion in initial capital from China to invest in roads, cellphone towers, railways, airports, power plants, and other infrastructure projects across Asia.
Embarrassingly, despite the desperate, obvious need people in developing countries have for energy to reduce the grinding poverty crushing them, the Obama administration fiercely lobbied U.S. allies not to join the new bank.
ALL of it here;
Read more at Obama s Climate Obsession Harms U.S. Interests and Moral Standing The American Spectator
Lololololololololololololol!! 
Congrats! 
