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.”
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.
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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