[image error]Last week, the U.S. Export-Import Bank announced that they would not provide a loan guarantee to an Indian company that would help them buy $600 million of American-made coal-mining equipment. The decision was based on the fact that the purchase would lead to massive greenhouse gas emissions, which goes against new Bank policy.
On Wednesday, under pressure from the National Association of Manufacturers and other fossil fuel industry supporters, the Bank agreed to reconsider its decision to...
Published on July 03, 2010 05:56