Finance
LNG Exports Seen Benefiting From U.S. Credit Bank Financing
- Agency to support U.S. wind, solar, biotech projects
- Activists say aid to LNG would undermine Biden’s climate goals
An LNG carrier at an export terminal in Texas.
Photographer: Lindsey Janies/Bloomberg
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The U.S. Export-Import Bank approved a plan Thursday that could yield a flood of financing for U.S. energy ventures, including wind and solar projects, battery manufacturing and terminals to sell LNG overseas.
The bank’s board voted 3-0 on a formal policy shift encouraged by the Biden administration that would extend support to domestic manufacturing and infrastructure projects that facilitate exports.