Fossil Fuel Giants Hijacking UN's Green Energy Fund

Inter Press Service - When the United Nations inaugurated the first-ever global forum on renewable energy last week, it provided a laundry list of financial pledges aimed at achieving one of the world body’s most ambitious goals: sustainable energy for all (SE4ALL) by 2030.

The forum specifically focused on the developing world where one out of five people are without access to basic energy: electricity.

According to the United Nations, Norway is expected to spend about 330 million dollars for global renewable energy this year, while Bank of America’s Green Bond has pledged some 500 million dollars over three years as part of a 10-year 50-billion-dollar environmental business commitment.  Read more.