Climate Politics
US Export-Import Bank Lifts Curbs on Coal Plant Loans After Trump Order
The bank’s board voted to repeal the 12-year-old restrictions in a move decried by environmentalists.
A coal stockpile at a power plant in Tuticorin, India.
Photographer: Prashanth Vishwanathan/BloombergThis article is for subscribers only.
The US Export-Import Bank is getting back in the business of helping to finance foreign coal power plants, after its board voted unanimously Thursday to lift roughly 12-year-old curbs on its lending.
The decision comes just weeks after President Donald Trump signed an executive order directing Ex-Im, the International Development Finance Corporation and other federal agencies to ensure their policies don’t deter coal mining and power projects.