World Economic Forum Says U.S. Taxpayers Should Give $525 Billion to ‘Vulnerable’ Countries for Climate Change ‘Loss and Damage’

Globalist think tank says American taxpayers are on the hook for other counties’ “climate-linked losses.”

  • The World Economic Forum (WEF), a multinational group of political leaders and corporations carrying out the worldwide “Great Reset,” said on Monday that the United States needs to support poorer countries “being ravaged by climate impacts.”
  • The demand comes after the COP27 summit of nearly 200 countries agreed on Sunday to set up a “loss and damage” fund (climate activists call this “reparations“), which allegedly refers to “costs being incurred from climate-fuelled weather extremes or impacts, like rising sea levels.”
  • The WEF cited a report by dozens of “vulnerable countries” that “estimated their combined climate-linked losses over the last two decades totaled $525 billion, or 20% of their collective GDP.”
  • Because the text of the agreement “leaves open a number of crucial details to be worked out next year and beyond,” including who would pay for the fund, the WEF argues that “rich countries” like the U.S. should contribute the most because they produce “the bulk of climate change with their historical greenhouse gas emissions.”
  • The New York Times reported that by Saturday, as COP27 talks stretched into overtime, “American officials said that they would accept a loss and damage fund.”

“Sending U.S. taxpayer dollars to a U.N. sponsored green slush fund is completely misguided,” said Senator John Barrasso (R-WY). “The Biden administration should focus on lowering spending at home, not shipping money to the U.N. for new climate deals. Innovation, not reparations, is key to fighting climate change.”

  • Ankush Banerjee for Business Insider India pointed out the hypocrisy of COP27 attendees arriving in Egypt on 400 private jets, which “emit an absurd amount of greenhouse gases,” according to the news outlet. “In addition, the most common private plane flown into Egypt” is the Gulfstream G650, “which uses about 1,893 litres of fuel per hour. Over five hours of flight, the jet would consume over 9,000 litres of aviation fuel.”
  • ‘Transport and Environment,’ a European clean transport campaign group, said a private jet can emit two tons of carbon dioxide in an hour and is five to 14 times more polluting per passenger than a commercial plane.