$100 billion annual global warming swindle still allegedly required; not clear how the money will be spent

Nauru will use UN spotlight to confront developed world over climate change | Environment | guardian.co.uk

The agreement reached last year in Cancun included pledges of $100bn a year by 2020 to help the developing world adapt to climate impacts and adopt clean sources of energy. That sounds like a lot of money, but to put it in perspective, it's about one-third of the revenue of the world's largest oil company in 2010. The World Bank estimates at least that much will be needed for developing countries to cope with droughts, floods, sea level rise, and other climate impacts – and it is still not clear exactly how the money promised will be spent.