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Ex-Im Bank Halts Funding Review for Vietnam Coal Plant

The U.S. Export-Import Bank voted to stop consideration of financing for a coal power plant in Vietnam, the first such decision since President Barack Obama vowed to cut federal support for the projects.

The lender said loans for U.S. exports to the Thai Binh Two power plant were rejected under policies in place before the president’s pledge last month. Climate-change activists said the decision is an important signal in the global-warming fight.