Friday 20 July 2018

USA STILL FUNDING CLIMATE CHANGE PROJECTS AFTER PULLING OUT OF PARIS AGREEMENT

This article gives details of what is going on. Basically the U.S. is the World Bank’s largest supporter and shareholder owning 17 percent of organization’s shares. The next largest owner, Japan, owns just under 8 percent. Several bills moving through Congress would grant the World Bank, along with other Multilateral Development Banks, roughly $1.8 billion. It is via the World Bank that the USA continues to support the Paris Agreement. Dare they pull out?

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