The World Bank has been issuing something they ludicrously call Green Bonds.
They’ve been cheating You, cheating the Environment and the global Commons of our Atmosphere to the tune of a few Billion US dollars over the last two years all the while pumping up more CO2 than anyone else.
And you would want to ask why we are bothered to talk about them…
Well…
Mainly because they have issued these fake Green Bonds to the tune of four or five Billion US dollars and they produce more CO2 per dollar than anyone else…
And what they do with the income is not original at all.
Business as usual is what they do. The World Bank pull together the so called green bonds income into their general resources funds and then they go ahead and finance things like coal burning and slash and burn agriculture destroying the rainforest and other crimes against humanity and the environment.
World Bank used the so called Green Bonds to finance the Medupi giant dirty coal factory of Escom in South Africa, the other coal factories in the Americas and Africa and even the humongous Sassan Coal energy plant in India.
I say they are dishonest and fraudulent to be engaged in such massive Greenwashing that puts BP green-wash and beyond petroleum or beached petroleum attitude to shame…
They don’t even demure for the de minimis aspect of being true to form and attempting to work up the Green effort to help our common atmosphere.
I say:
Tell me how to cash in ‘de minimis’ of Green washing and I will grant you all the rest…
Absent real environmental accounting, the enterprise of Green by World Bank and many others, has all the virtues of theft over honest toil.
That is my take on the Green Bonds by World Bank too…
Unless Green Bonds are financial instruments that have the proper accounting of atmospheric CO2 reductions they cannot be called Green Bonds by any stretch of the imagination.
And unless they have the back stopping of real environmental tangible assets they aren’t worth their paper.
Yours,
Pano
PS:
The burden of proof is on the certifying authority to prove the Green is in the pudding.
Green Capital Index verifies the Green Bonds and so we are also responsible for our own original Green Bonds.
Demand to only use GREEN BONDS issued or certified by Green Capital and it’s open source method and nothing else.
Fight against substandard and misleading green washing corporate greed.
Stand up to fight Climate Change with the real Green Bonds.
PS2:
Real Green Bonds work to reduce CO2.
Real Green Bonds support the Rainforest.
Real Green Bonds Environmental Finance, Rocks
