World Bank Bureaucrats Can’t Account for up to $41 Billion for ‘Climate Change’ Funds
LOL: Oxfam investigators warn that the lack of traceable spending could “undermine trust in global climate finance efforts”.
I have long asserted that the “climate crisis” and its solutions were a scheme to transfer money and power to international bureaucrats, whose main interest is to gain control over the lives of free peoples in order to gain even more money and power.
Enter Oxfam, a prominent international confederation of 21 independent non-governmental organizations (NGOs) that is interested in humanitarian aid and development worldwide. It recently examined the climate change funds kept in the World Bank and discovered that up to $41 billion was not accounted for.
Bungling World Bank bureaucrats lost track of at least $24 billion bankrolling the battle against climate change, according to a bombshell report by a left-leaning charity group.
An investigation by Oxfam revealed “poor record-keeping practices” by the DC-based international lender that resulted in anywhere between $24 billion and $41 billion in misplaced funds.
The agency’s audit showed “a lack of traceable spending” over the past seven years — partly because of an oddball accounting practice in which the bank accounts for its climate financing at the time of a project’s approval rather than at the time of project completion, according to the report released last week.
…A World Bank insider, speaking on condition of anonymity, suggested the figure for the missing money “could be twice or 10 times more.”
“All the figures are routinely made up,” the source said. “Nobody has a clue about who spends what.”
World Bank bureaucrats lost track of at least $24B in funds fighting climate change: ‘Could be twice or 10 times more’ https://t.co/mPpxIfHI8p pic.twitter.com/XfrDqIhg2a
— New York Post (@nypost) October 23, 2024
And while Oxfam’s interests in this matter do not align with my own — they actually believe the monies could be used to impact global climate in some way — the group actually wanted to assess what these impacts were.
Bravo to Oxfam for wanting to see results. Here is what their team of investigators actually uncovered:
It also remains unclear whether these funds were even spent on climate-related initiatives intended to help low- and middle-income countries protect people from the impacts of the climate crisis and invest in clean energy.
“The Bank is quick to brag about its climate finance billions —but these numbers are based on what it plans to spend, not on what it actually spends once a project gets rolling,” said Kate Donald, Head of Oxfam International’s Washington D.C. Office. “This is like asking your doctor to assess your diet only by looking at your grocery list, without ever checking what actually ends up in your fridge.”
The Bank is the largest multilateral provider of climate finance, accounting for 52 percent of the total flow from all multilateral development banks combined.
The issue of climate finance will take center stage at this year’s COP in Azerbaijan, where countries are set to negotiate a new global climate finance goal, the New Collective Quantified Goal (NCQG).
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” to the countries, people and communities of the Global South who are the least responsible for climate breakdown but are the most affected.
Oxfam warns that the lack of traceable spending could undermine trust in global climate finance efforts at this critical juncture.
I suspect that the trust in anything global has been more than undermined at this point.
The World Bank is an international financial institution established in 1944, and operates as part of the United Nations system. It was originally focused on post-war reconstruction efforts in Europe.
However, senseless climate crisis policies are now diverting resources from Europe and destroying the prosperity of the region.
The Earth’s climate is always changing, and always will. And while institutions like the World Bank might have been honest brokers in the past, it and the United Nations have become a wretched hive of scum and villainy operating under the cover of “global good”.
Finally, I will conclude this post with a little carbon dioxide reality check.
Regardless of what you believe about climate science, western countries attempting to reduce CO2 is pointless virtue signaling. CO2 emissions are controlled by Asia#ClimateScamhttps://t.co/nLe43w3kLd pic.twitter.com/UO2m2ygn2O
— Tony Heller (@TonyClimate) October 25, 2024
"We're in a CO2 famine now," says Princeton Professor Emeritus Dr. William Happer on SkyNews Australia. "More CO2 is good for the world." pic.twitter.com/cJxIL8IqY8
— CO2 Coalition (@CO2Coalition) March 14, 2024
A reality check on the life-essential gas, carbon dioxide. pic.twitter.com/8WEhTLxSig
— Leslie Eastman ☥ (@Mutnodjmet) October 28, 2024
One last thought to the Oxfam team: If we weren’t squandering all this money and resources on a crisis that doesn’t exist, maybe there would be more for other efforts that might actually help humanity.
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Comments
Enough of this crap.
If I miss $4,100 on my taxes I can go to jail. The fact that they are allowed to misplace BILLIONS and they just shrug it off is lunacy.
And yet leftists act confused when Trump and Elon are cheered when they say they’re going to bring accountability to government.
“undermine trust in global climate finance efforts”.
WTF?
That’s like trying to undermine whale sh*t. It just doesn’t get any lower than it already is.
Trust? They are talking about a fact not yet in evidence.
How much more money laundering proof do you need
I’m expecting Dr Evil to show up any moment with a death ray that cost forty-one billion dollars.
Just spend 10% of that planting trees and the problem is solved
Planting trees would absolutely be a better use of funds but those should be private funds not taxpayer funds, except on public land and in conjunction with proven forestry management practices.
just a rounding error to lefty
“Chump change,” in street parlance.
All American taxpayers money
All
Once Kamala is elected, she’ll DEFINITELY fix it.
Thank God she isn’t gonna be, LOL.
Lost track or avoided tracking? How much of this money found it’s way into numbered accounts in the Cayman Islands?
Check the politician’s pockets
And, the pockets of Leftist/Dhimmi-crat cronies, courtiers and donors.
The entire business is a fraud. Set up a lease in Nigeria of land that was quitclaimed to an empty corporation. The Grantor is another fictitious “Nigerian village council”. Lease the land to another corporation in Panama that has a carbon sump moniker and a variety of web presences with pictures of forests all over the world….in places that are impossible to actually visit comfortably. Have the enterprise lease the land as a carbon dump for 50 years whereupon the forest reserve will be “returned” to the grateful village for timber and replanting.
Launder the cash via Bitcoin and gold purchases.
That seems a little convoluted. Why not just pay the NIgerian Prince directly to plant trees on his vast holdings?
Or easier still, just set up a call centre?!
The grift continues. We’re not in that club.
Yep. All this sort of ‘do gooder’ funding needs to end along with every bit of funding to every NGO. If folks want to see X done for Y group or Z issue they can find a Charity which shares their goal. They can voluntarily contribute their own funds to that 100% donor supported Charity to advance whatever goal they have while keeping their hands out of the taxpayer’s wallet.
The people that are responsible for accounting for that money should have to make it up out of their own funds.
Once again it appears that Trump was right to slow down and stop funding of UN programs and pull out of that stupid Paris thing.
Looks like somebody — I’m looking at you Oxfam — didn’t get their kickback this year.
It is all about intentions rather than results.
Bureaucrats and a lack of accountability: a recipe for disaster every time.
Accounting for funds is racist.
(They can account for the money… but they won’t)
No adult lifts a finger to do any work unless there is a payday for that effort — and convincing the world that the world will end by climate change unless it’s brought under control is a lot of work.
“…an oddball accounting practice in which the bank accounts for its climate financing at the time of a project’s approval rather than at the time of project completion,
If you were ever looking for a tacit admission that they know that most of these projects are never going to work.
“…it and the United Nations have become a wretched hive of scum and villainy operating under the cover of ‘global good.’ ”
Strikes me as a rather accurate description.
Even OxFam has to know that only a fraction of these funds are ever spent on even the semblance of “climate” projects.
And at what point does anyone NOT in on the money laundering scam ask “What has this money actually BOUGHT? How much of a reduction in Climate Chaos can we point to?” Of course, as overtly stated, the money is meant to be funneled to the Global South, where apparently The Climate
Chaos is the worse. (It is just coincidental that on the way to the poor and deserving, most of the money will accidentally fall into certain connected pockets..)
Because if billions upon untold millions spent have not accomplished any of their stated goals, at some point even Tru Believers™ might start to question.
Where’d they get this Global South as the victim of the Global North? That’s new. Amazing creativity from these con artists. Always some victim they’re supposedly going to save by robbing the productive. “I steal from the rich… and keep it.”
Is that figure pre or post “Big Guy Cut”?