Posted on 02/26/2015 5:57:23 PM PST by mission9
In 2014, the World Bank Group committed $5 billion in new technical and financial support for energy projects in six African countries, including Kenya, which have partnered with US president Barack Obamas Power Africa initiative. Among the projects funded, is the world's longest heated pipeline, which will bring newly discovered Ugandan oil fields to market. The Japanese conglomerate, Toyota, is the major contractor. Much of the oil, is committed to Asian markets, like China.
On February 24, 2015 President Barack Obama, vetoed the Keystone XL pipeline, which would be a big boost to mid American and Canadian oil production. When Rudy Giuliani, makes the claim, that Obama does not love the US, the way that Americans love the US, they have tangible evidence.
Ping.
Ping.
Bookmarked
this pipeline also no doubt wont harm Warren Buffets railroads,
wtf
The list, Ping
Let me know if you would like to be on or off the ping list
Comrade obama never had any intention of allowing Keystone construction and he endeavored to suppress that revelation as long as possible through regulatory process.
“At least we know where his priorities lie. The GOP could certainly jump on Obama for this, but they’ll instead stay in the fetal position.”
Why are the Republicans in congress funding a pipeline in Africa ?
Oliviaforever wrote, “Why are the Republicans in congress funding a pipeline in Africa ?”
Answer: Because 0bama won’t let’em build one in the US.
Why are Republicans helping the African power initiative? Because the World Bank, will earn interest, on a lucrative investment. This is not a zero sum game. I hope Kenya does well on the oil pipeline. This revelation, just highlights the phoniness of the Global warming, bad for the environment, the oil will produce no jobs Democrat lies.
There is no way around it, Obama is PUNISHING America.
A: 0bama knows pipelines are safe?
B: 0bama doesn't care if Ugandans get sick and die?
C: 0bama is getting big money out of this in some way?
D: All of the above?
Sherlock? Is that you?
You left out Obama weakens America
Is there a link to the pipeline project discussed and the World Bank involvement?
So far the only thing I’ve found on it [so far] is for 51% to go to “private investment” the remainder the governments of Kenya and Uganda.
Would you link what you did find please?
Since you have been unable to find a link to support your claim, let me help you a bit.
It wasn’t $5 billion, it wasn’t Obama, and it is not tax payer dollars.
The Bank Groups pledge includes $600 million from the IFC, its private sector arm, which will support economic development in the countries of the Horn. IFC investments under the new Horn Initiative will include a regional pipeline linking Uganda and Kenya
- - - - - -
The World Bank has pledged some $600 million to facilitate the construction of a regional pipeline linking oil fields in Uganda, Kenya and South Sudan, the lender said Monday.
In a statement, the World Bank said that the funds would be provided by its private lending arm, the International Finance Corporation
http://www.platts.com/latest-news/oil/kampala/world-bank-pledges-600-million-to-fund-uganda-26915030
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.