Sec. 8. Funds to World Bank for financing projects that support fossil fuel
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Except as provided in subsection (c), effective on the date of enactment of this Act, there are rescinded all unobligated balances of the amounts made available to the International Bank for Reconstruction and Development and the International Development Association (commonly known as the World Bank ), and each other similar international financing entity that has received amounts from the United States, as determined by the Secretary of the Treasury, to carry out any project that supports fossil-fueled power plants.
Except as provided in subsection (c), notwithstanding any other provision of law, any amounts made available to the World Bank or any other international financing entity shall not be used to carry out any project that supports fossil fuel. Subsections
(a)and
(b)shall not apply to a fossil-fueled power plant project located in a Least Developed Country (as that term is defined by the United Nations General Assembly), on the condition that— no other economically feasible alternative exists; and the project uses the most efficient technology available.