Don't you just love How everyone Today throws the "BILLION" Around?
Retrieved by Pat Darnell
AMY GOODMAN: The World Bank has approved a controversial $3.75 billion loan for South Africa to build one of the world’s largest coal-fired power plants. The World Bank said the loan to the South African utility company, Eskom, would help, quote, “South Africa achieve a reliable electricity supply.” But environmentalists in South Africa and abroad have criticized the decision and are urging the bank to stop supporting the development of coal plants and other large emitters of greenhouse gas emissions.
The United States, the Netherlands, Britain abstained from Thursday’s vote. The US Treasury said it abstained because of, quote, “concerns about the climate impact of the project and its incompatibility with the World Bank’s commitment to be a leader in climate change mitigation and adaptation.” The $3.75 billion [loan] includes $750 million for financing for renewables and energy efficiency projects in South Africa.
The project is also controversial in South Africa because the investment arm of the ruling African National Congress has a financial stake in the construction of the coal plant. [SOURCE]
This is a done deal and the funds are already vanished, yes vanished. WBF, or World Bank Funds, are gone gone gone....
Oh who is the WBF, you ask? The USA is the WBF in all its limitations.
NEXT WEEK: An urgent message from the investment community
The Economist calls, "an ethical oasis"...
Now JP Morgan estimates this once-in-a-decade storm will grow into an unstoppable $2.6 TRILLION force by 2011 ...
"Billion Dollar Blitzkrieg"
IT'S COMING... And it could make 2010 the most profitable year of your life -- if you take advantage of the 3 unique investment opportunities revealed before it's too late.... YIKES!!! WHEN IS TOO LATE??