coal

The Obama administration on Tuesday said it will seek to discourage the construction of coal plants in foreign countries through the World Bank and other multilateral development institutions.

The effort marks the latest step in President Obama’s initiative to combat the effects of global warming through executive power in lieu of action from the divided Congress.

Under the new policy, the U.S. government will oppose public financing for coal projects in all but the world’s poorest countries unless they meet standards on par with tough new proposed regulations for any new coal plants in the United States.