Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-02-15-Speech-2-709-000"

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"Mr President, Commissioner, first, I should like to thank Mrs Keller for her exceptional work on this report. Indeed, everyone who worked on this report saw just how unviable the World Bank strategy is on several counts. As Mrs Keller said, it finances unviable, large-scale projects, such as hydroelectric and numerous other projects. It is a fact that financing for renewable energy sources has risen by 300%. At the same time, however, financing for fossil fuel projects has risen by 430%. The World Bank – and, to my mind, this is a scandal – has failed to take account of the environmental impact of the projects which it finances. At the same time, it is still discussing, even today, the possibility of starting financing for programmes for palm oil plantations. It has no respect for the principle of free, prior and informed consent by locals to projects being financed, nor has it integrated (and it should integrate) a full cycle analysis of the projects it finances. I truly hope that this report, in its final version after the vote, will send a strong message about the environmental reforms which the World Bank needs to implement internally."@en1
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