Posted on 12/29/2024 7:13:49 PM PST by bitt
Ah, fact-checking. Where would we be without it?
Take, for instance, a recent story that made the rounds on social media. According to these reports, Oxfam — the British NGO — found that a huge chunk of the World Bank’s spending on climate change-related issues was “missing.”
Thank heavens for fact-checkers like the Australian Associated Press — a Poynter Institute-accredited fact-checker from down under — which set us all straight: “An Oxfam report did not find that $US41 billion has gone ‘missing’ from the World Bank’s climate change fund, contrary to claims online.”
What a relief. Instead, the AAP noted, the Oxfam report found that the World Bank just doesn’t really know where the money went.
See? Totally different!
The controversy centers around an Oct. 2024 report titled “Climate Finance Unchecked: How much does the World Bank know about the climate actions it claims?” Answer: not as much as it probably should.
The findings are front-loaded in a TL;DR on page two of the 33-page report, in case you’re not interested in reading the whole thing through: “Oxfam finds that for World Bank projects, many things can change during implementation. On average, actual expenditures on the Bank’s projects differ from budgeted amounts by 26–43% above or below the claimed climate finance. Across the entire climate finance portfolio, between 2017 and 2023, this difference amounts to US$24.28–US$41.32 billion,” the report states.
“No information is available about what new climate actions were supported and which planned actions were cut. Now that the Bank has touted its focus on understanding and reporting on the impacts of its climate finance, it is critical to stress that without a full understanding of how much of what the Bank claims as climate finance at the project approval stage becomes actual expenditure, it is impossible to track and measure the impacts of the Bank’s climate co-benefits in practice.”
..MORE
P
The Watermelon Party:
”Green” on the outside
but RED on the inside!
Check The Big Guy’s two score of shell corporations. You will find it there.
Also, check with the First Spawn’s drug dealers.
Lost in the laundry.
Good stuff!
Check their pockets
Maybe if we send them another $10 billion they will be able to figure out where all the money is?
10% for the Big Guy.
world wide scam to siphon American tax payer money
Put a crack team of zealous accountants on the case and they’ll find out where every penny has gone!
The climate the fund is made to change is when a country is recalcitrant on environmental laws the west wants, the money works to change the minds of rulers in a climate of skepticism..
They call the Climate Scam “The Green New Deal”.
Because green is the color of the money they are scamming and stealing from us.
They call the Climate Scam “The Green New Deal”.
Because green is the color of the money they are scamming and stealing from us.
World Bank, WHO, UN... They all need to go.
Did they check their pockets?
I really got to think of a good climate related study I can submit.
I’m sure I could do something meaningful with $10-20 million
lol!
Yeah, that’s a LOT of “sofa” cash…
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