WASHINGTON, DC – The Board of Directors of the Export-Import Bank (Ex-Im Bank), a federal government trade promotion agency, voted to provide $90 million in financing to the top U.S. coal exporter, Xcoal Energy & Resources, to export coal to China and other Asian countries. The vote to subsidize coal exports follows a decrease in U.S. demand … Read more
Today the U.S. Senate passed H.R. 2072, a bill to reauthorize the federal government’s Export-Import Bank (Ex-Im Bank), which provides billions of dollars in public financing for harmful fossil fuel projects worldwide.[1] Passage of the bill will allow the agency to increase its portfolio cap from $100 billion to $140 billion., and it now moves to President Obama’s desk to sign into law.
Pacific Environment’s “Save America’s Arctic Seas” campaign was honored with a Business Ethics Network’s 2011 BENNY Award, which recognizes some of the most brilliant corporate campaigns for their contributions to the advancement of corporate ethics.