2024-10-29
One might believe that the World Bank would have enough bean counters to keep track of its expenditures ...
... but maybe one might be wrong about the involvement of bean-counters.
Given that climate finance has been a largely political hot potato seemingly since time immemorial, perhaps after all it's no surprise that politicians have taken their eye off the ball, but is the World Bank controlled by politicians or by bankers?
Bankers one might suppose to be well-versed in the ways of auditing, so it's a bit of a surprise to note this Oxfam report that uncovers such a gaping hole in the World Bank's climate disbursements.
(But are Oxfam not supposed to be countering famine rather than counting expenditure designed to reduce CO2 emissions? Are they yet another outfit that has been somehow distracted from their founding purpose?).
Clearly there is something rotten in the state of global financial management if this ginormous pet project of the world climate disaster fantasists has such a vast black hole in its expenditure tracking systems. Perhaps all that cash was incinerated by the runaway heating so long and fervently expected? Oh wait, that hasn't actually arrived yet.
"The issue of climate finance will take center stage at this year’s COP in Azerbaijan"
"Climate activists are demanding the Global North provide at least $5 trillion a year in public finance to the Global South 'as a down payment towards their climate debt' ... "
"Oxfam warns that the lack of traceable spending could undermine trust in global climate finance efforts at this critical juncture"
Not to mention that all the flim-flam of the last 50 critical years has reduced the climate overheating scare by ... nothing at all, so why should we trust any of it?
Stand by for the relentless search for the guilty, the punishment of the innocent, and the heaping of praise and honours on the non-participants ... possibly accompanied by the announcement of the no-stones-unturned investigations, the reporting of the irrelevant distractions & deflections, the cover-ups of the factual evidence, and the fingering of the political enemies.
