Town Hall by Gregory Wrightstone Feb 12, 2019
Trump’s Pick to Head the World Bank Signals Move Away From Funding Misguided ‘Green’ Projects
The American media has focused recently on the newly released Green New Deal (GND), a resolution sponsored by U.S. Rep. Alexandria Ocasio-Cortez and U.S. Sen. Ed Markey that would fundamentally transform America’s energy policy and move closer to their socialist vision for the country. As a resolution, the GND has no power to actually regulate or tax but gives left-leaning congressmen and potential presidential candidates a vehicle to virtue-signal their embrace of a radical, anti-fossil fuel agenda.
One day before the much-ballyhooed release of the GND, and flying mostly under the radar, President Trump made an announcement that could have more of an effect on green energy than the Cortez-Markey proposal — and in the opposite direction.
That was the president’s February 6 notice that he was nominating David Malpass to replace the outgoing World Bank president. Mr. Malpass, Treasury undersecretary for international affairs and former senior economic advisor for the Trump campaign, has been highly critical of the institution that he is now set to lead.
The current leader of the World Bank, Jim Yong Kim, made a surprise announcement in early February that he was leaving three years before the end of his second term. Kim left amid serious conflicts with the Trump administration over its decades-long trend toward investing in climate-change mitigation rather than in its original mission of reducing poverty. According to the World Bank, its dual mission is “ending extreme poverty and promoting shared prosperity.â€
More:
https://townhall.com/columnists/gregorywrightstone/2019/02/12/trumps-pick-to-head-the-world-bank-signals-move-away-from-funding-misguided-green-projects-n2541180
