November 5, 2021
We are seeing that the multilateral development banks (MDB’s) have stepped up at this year’s United Nations Climate Summit COP26 in Glasgow Scotland.
While we always cover news items from the Inter-American Development Bank and the Caribbean Development Bank, we too saw but could not publish, news from the African Development Bank and their counterpart in Asia as well as content and pledges from the World Bank.
This may seem like a good start, but this is what they have been doing over the last 50 years and even more so after the last 20 after Hurricane Katrina hit the US Gulf Coast. This is not really anything new as they live to sign partnerships and pacts.
However, we still appreciate the warm gesture. As we have said before, over and over again, is that there needs to be more enforcement on climate rule breakers. Large corporations need to be brought under the heel of the US, EU and China for their pollution and if they can’t do it then these corporations need to be brought into the International Criminal Court or the International Court of Justice to face definite and serious penalties for infractions against the environment. There needs to be a global policing and enforcement mechanism or else everything at these summits are a bunch of hot air. Piss and wind.
Look, the large countries have been hounding and shaming small developing countries on tax evasion and being tax havens, but can’t stand up to their own corporations. They have used some pseudo policing agency like the Financial Action Task Force (FATF) and the Organisation of Economic Cooperation and Development (OECD), but can’t get serious with an international legal system they created for such a time as this?
Some of these corporate heads went to school/university with some of these world leaders and they can’t say a word to them. How pathetic are they?
So while the MDB’s are putting money up for change, there are some things money just won’t fix no matter how much you throw money at it. While we appreciate the increased spend towards new initiatives for a cleaner environment, we cannot look the other way and not ask for more to be done with regard to policing.