A year ago, World Bank [3] President Robert Zoellick [4] committed the lending institution to "significantly step up our assistance" to fight climate change [5] through its loans. Instead, the World Bank is increasing its financing of fossil-fuel projects worldwide. One example is the coal-powered Tata Ultra Mega [6] power plant in western India [7], a $4.14 billion project scheduled to go online in 2012. When it is fully operational, it will become one of the world's 50 largest greenhouse-gas emitters and "will emit more carbon dioxide annually than the nation of Tunisia," according to the U.S. Department of Energy [8]. The World Bank will provide "$450 million in loans and guarantees for the project and also may buy a $50 million stake in it." While the U.S. is insisting that developing countries to cut greenhouse gas emissions, the World Bank -- over which it has tremendous influence -- is supporting projects that do the opposite. "The World Bank's lending record does not match up to Zoellick's rhetoric," says Heike Mainhardt-Gibbsof the Bank Information Center, a World Bank watchdog group. "The institution is simply not slowing down its significant funding to fossil-fuel projects that will emit greenhouse gases for 20 to 40 years."