Rich Countries to Pay Energy Giants to Build New Coal-Fired Power Plants

By Syndicated News | Published: July 14, 2010
by John Vidal, environment editor
The UN is set to channel billions of pounds of public money from rich countries to giant energy companies to build 20 heavily polluting coal-fired power plants on the basis that they will emit less carbon dioxide than older ones.

Data seen by the Guardian shows that 12 companies have applied to the UN for hundreds of millions of emission reduction credits to subsidise "efficient" coal-

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Article from CommonDreams.org Headlines read more here

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