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Bob Meinetz's picture
Nuclear Power Policy Activist, Independent

I am a passionate advocate for the environment and nuclear energy. With the threat of climate change, I’ve embarked on a mission to help overcome the fears of nuclear energy. I’ve been active in...

  • Member since 2018
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  • Mar 19, 2021
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WASHINGTON, D.C. – On Tuesday, U.S. Sen. John Barrasso, R-Wyo., introduced the Combating Global Poverty Through Energy Development Act (S. 758).

The legislation eliminates prohibitions and restrictions at international financial institutions that limit support of traditional energy projects, including coal, natural gas, oil and civil nuclear energy.

“Developing countries desperately need affordable and reliable energy,” Barrasso said in a news release. “Instead of using all available energy options, the World Bank would rather score political points by boycotting critical coal, oil and gas projects. The solution to ending energy poverty does not lie in limiting options. Our bill will encourage the World Bank to eliminate barriers to traditional energy resources, or risk losing American taxpayer funding.”

On Jan. 27, the Biden administration signed an executive order requiring the Secretary of Treasury to develop a strategy for how the voice and vote of the United States can be used in the international financial institutions, including the World Bank Group and the International Monetary Fund, to promote financing aligned with the goals of the Paris Agreement. It also directs development of a plan to end international financing of carbon-intensive fossil fuel-based energy.

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