Barack Obama transfers $500m to Green Climate Fund to protect Paris deal last days in office;
second $500M withdrawn from State Dept used executive powers; bypassed congressional support.
Michael Slezak / Tue 17 Jan 2017 / Last modified on Wed 14 Feb 2018
Barack Obama has transferred a second $500m installment from the State Dept to the Green Climate Fund just three days before he leaves office. Photograph: Evan Vucci/AP Barack Obama has heeded calls to help secure the future of the historic Paris agreement by transferring a second $500m instalment to the Green Climate Fund, just three days before he leaves office.
The fund was a key aspect of the Paris agreement signed in 2015, which aims to keep global warming well below 2C and aspires to keep warming to 1.5C. Established in 2010, it is financed by wealthy countries and used to assist developing countries with adaptation and mitigation. It was widely seen as a key measure to bring both rich and poor countries to the negotiating table. The US committed to transferring $3bn to the fund. The new instalment leaves $2bn owing, with the incoming president, Donald Trump, expected to cease any further payments.
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Wonder if the $500M made a short cut thru a numbered account in a French Polynesian bank?
Barack Obama has transferred a second $500m installment from the State Dept to the Green Climate Fund just three days before he leaves office. Photograph: Evan Vucci/AP Barack Obama has heeded calls to help secure the future of the historic Paris agreement by transferring a second $500m instalment to the Green Climate Fund, just three days before he leaves office.
The fund was a key aspect of the Paris agreement signed in 2015, which aims to keep global warming well below 2C and aspires to keep warming to 1.5C. Established in 2010, it is financed by wealthy countries and used to assist developing countries with adaptation and mitigation. It was widely seen as a key measure to bring both rich and poor countries to the negotiating table. The US committed to transferring $3bn to the fund. The new instalment leaves $2bn owing, with the incoming president, Donald Trump, expected to cease any further payments.
Wonder if the $500M made a short cut thru a numbered account in a French Polynesian bank?
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I continue to be amazed every day about the brazen “in yo face” larceny and sabotage barack hussein bin soetor inflicted on the USA.
he needs severe consequences.
btw, I wonder who the insider stock holders are on the Green Climate Fund??? could this be another soros connected NGO?
Wonder if the $500M made a short cut thru a numbered account in a French Polynesian bank?
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hmmm.
now that you mentioned it, iirc, Barak Hussein bin Soetoro’s first official act after leaving office was a yacht cruise through the south pacific with one of his sugar daddys.
plus it was reported that he had a remote crash pad in the “target rich environmnet of thailand