U.N. sustainability summit ends with $513 billion in pledges

Kenneth R. Weiss – The Los Angeles Times, 06/22/2012

RIO DE JANEIRO — After days of quiet backroom dealing and soaring public rhetoric, global leaders on Friday approved a plan to bring clean water, sanitation and energy to the world’s poor without further degrading the planet.

The agreement, widely criticized for its watered-down ambitions, was overshadowed by a flurry of financial commitments and side deals announced at the three-day U.N. Conference on Sustainable Development.

Government leaders, bankers and corporate CEOs took advantage of the gathering of 50,000 people — the largest meeting in U.N. history — to announce new partnerships, programs and investments.

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