Posted on Sustainabilitank.info on April 6th, 2005
by Pincas Jawetz (PJ@SustainabiliTank.com)
Washington DC, April 6, 2005
Reuters reports from Tokyo that the Japanese Kyodo news agency picked
up in
Washington D.C. that - at the World Bank meeting in Washington, April
15-17, 2005, the G-7 (Canada, France, Germany, Italy, Japan, UK and US)
will
announce that they have agreed to see the bank promote “alternative
sources”
of energy - meaning natural gas and renewable energy.
It is understood that above recommendations are not grounded in
environmental objectives, but rather in the feeling that the high price
of
oil requires these steps.
Considering that the G-7 are the leaders in the world economy, and the
fact
that the US agrees to these steps, it should be viewed as important new
marching orders to be implemented by the incoming new Bank President -
Mr. Paul Wolfowitz.
It can only be hoped that the day will arrive, that it will be
accepted to
back these steps for their own value, and not just for perceived cost
reduction in the immensely artificially under-priced cost of using oil;
as
the damage caused by the reliance on oil was never factored into the
cost of
using the oil.






















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