World Bank's Fossil Fuel Funding Not Helping Poor or Electricity Access in Developing Countries

[Nathanael]

For decades the World Bank has been working to help poor and developing nations to meet the needs of their countrymen, which includes increasing access of electricity to the 1.4 billion people across the globe who currently go without.

But in spite of their claims to the contrary, the Bank is using very little of their seemingly endless resources to provide efficient, clean energy to those in need.

According to a new report by Oil Change International, the World Bank is using their resources to promote the use of fossil fuels such as coal, biomass, oil, and gas, as opposed to investing in clean technologies like hydropower, wind, and solar.

Link: http://www.energyboom.com/policy/facts-counter-world-bank-energy-accessibility-claims