The IFC responds to a December 14 article that questions why the Bank is considering financing a huge Oyu Tolgoi mining project that includes a 750 megawatt plant despite a report that criticizes the flawed project impact assessment, water and climate concerns.
World Bank Says Poor People Need Coal
Mother Jones | By Kate Sheppard
Posted: Fri Dec. 14, 2012 3:13 AM PST
Last week, I reported on environmental groups calling foul on the World Bank for even considering a proposal to finance a new coal-fired power plant in Mongolia. Funding the Oyu Tolgoi copper and gold mine project, which also includes a 750 megawatt coal plant, was out of line with the Bank’s stated concern that the world is heading to devastating and irreversible climate consequences.