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US waters down coal financing restrictions
"US" in this case should be read as "House Republicans".
Enforcement of a White House climate policy that aims to restrict financing for coal-fired electricity generation projects abroad will become more difficult under the new $1.1 trillion spending bill negotiated by Congress.
Lawmakers on Monday unveiled the bill, which would avert a government shutdown and boost funding levels slightly for military and some domestic programs, including the budget of the Environmental Protection Agency (EPA), over the December post-sequester budget agreement.
According to a summary by Republicans on the House Appropriations Committee, the spending package contains a provision to prohibit the Export-Import Bank and the Overseas Private Investment Corporation (OPIC) "from blocking coal and other power-generation projects, which will increase exports of U.S. goods or services."
The Export-Import Bank's (Ex-Im) board of directors in December voted to end its funding of coal power plants abroad, except for certain projects proposed for the world's least developed countries.
http://www.businessspectator.com.au/news/2014/1/15/policy-politics/us-waters-down-coal-financing-restrictions
Lawmakers on Monday unveiled the bill, which would avert a government shutdown and boost funding levels slightly for military and some domestic programs, including the budget of the Environmental Protection Agency (EPA), over the December post-sequester budget agreement.
According to a summary by Republicans on the House Appropriations Committee, the spending package contains a provision to prohibit the Export-Import Bank and the Overseas Private Investment Corporation (OPIC) "from blocking coal and other power-generation projects, which will increase exports of U.S. goods or services."
The Export-Import Bank's (Ex-Im) board of directors in December voted to end its funding of coal power plants abroad, except for certain projects proposed for the world's least developed countries.
http://www.businessspectator.com.au/news/2014/1/15/policy-politics/us-waters-down-coal-financing-restrictions
