Before exiting, Obama team transfers $500 million to UN climate fund

[Valin]

Legal Insurrection:

Trump opposes the deal, so remaining $2 Billion will likely remain in American coffers.

Leslie Eastman

Friday, January 20, 2017

 

When the final acts of now former President Obama are analyzed, it will be hard to determine which one was the slimiest.

 

There are many possible contenders for that dishonor, but the transfer of a significant amount of American taxpayer-dollars per a U.N. climate change agreement Donald Trump opposes should be high on that list.

 

 

Barack Obama has heeded calls to help secure the future of the historic Paris agreement by transferring a second $500m instalment to the Green Climate Fund, just three days before he leaves office.

 

The fund was a key aspect of the Paris agreement signed in 2015, which aims to keep global warming “well below” 2C and aspires to keep warming to 1.5C.

 

The US committed to transferring $3bn to the fund. The new instalment leaves $2bn owing, with the incoming president, Donald Trump, expected to cease any further payments.

 

The move followed a large campaign, with more than 100 organisations and nearly 100,000 people calling for Obama to transfer the full $2.5bn owed to the fund.

I guess we should be grateful that we still have the remaining $2 billion to spend on our national concerns.

 

And how exactly is that international battle against global warming working out? So well that Russian ice-breakers were recently trapped…in ice.

 

(Snip)

 

Now that Obama is no longer President, I expect less hot air to be released and more American taxpayer dollars being retained.