Turning the Corner on Dirty Coal Projects
Pacific Environment is applauding today’s decision of an obscure but rich federal bank called Export-Import Bank to implement one of the strongest elements of President Obama’s recently released Climate Action Plan—a commitment to end U.S. funding of fossil fuel plants abroad except for rare exceptions. Today, the Export-Import Bank’s Board of Directors voted to deny financing for the highly polluting and inefficient Thai Binh II coal power plant in Viet Nam.