World Bank Loses Many $Billions in Climate Funds

Wasting $200 trillion on global warming lunacy is still a distant goal for now, but progressives are making remarkable progress:

World Bank bureaucrats lost track of at least $24 billion bankrolling the battle against climate change, according to a bombshell report by a left-leaning charity group.

An investigation by Oxfam revealed “poor record-keeping practices” by the DC-based international lender that resulted in anywhere between $24 billion and $41 billion in misplaced funds.

The actual sum may be still higher:

A World Bank insider, speaking on condition of anonymity, suggested the figure for the missing money “could be twice or 10 times more.”

“All the figures are routinely made up,” the source said. “Nobody has a clue about who spends what.”

The important thing is that they mean well. No doubt the climate appreciates that.

The explosive findings by Oxfam, a British-based non-government organization, mean the US has likely lost just shy of $4 billion because it is the organization’s biggest shareholder with a 16% stake.

Wealth American citizens generate only to have it confiscated through taxation and inflation is generously bestowed upon useless World Bank bureauweenies:

Top executives in Washington DC can trouser $511,000 a year without having to hand over a dime to Uncle Sam. …

Other lavish perks at the global body in downtown Washington DC include generous pension plans that only require a minimum 5% contribution from the employee.

Staffers also have the added bonus of enjoying free US health insurance for life, as well as being awarded 26 days of annual leave a year and a 15 days of sick leave.

Extravagant employee compensation does not account for the money stolen from us and gifted to the World Bank in the name of the climate. Where do the missing $billions end up? Maybe in private Swiss banks accounts — not that it makes any difference. Nothing moonbats do will have a perceptible impact on the climate anyway. Good thing the climate is a problem only in the imaginations of moonbats.

Bend over, here it comes again:

Last week, the Biden-Harris administration voted in favor of boosting the bank’s lending firepower by $150 billion over the next 10 years.

“Lending” in this context means giving away.

On a tip from R F.

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