The US Export-Import Bank is getting back in the business of helping to finance foreign coal power plants, after its board voted unanimously Thursday to lift roughly 12-year-old curbs on its lending.
The decision comes just weeks after President Donald Trump signed an executive order directing Ex-Im, the International Development Finance Corporation and other federal agencies to ensure their policies don’t deter coal mining and power projects.
The now-jettisoned restrictions, first adopted in 2013 following a lawsuit by the environmental group Friends of the Earth, barred Ex-Im support for coal projects in most countries unless carbon capture and storage technology was used ...
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