Guess they do not like electric.
Check it out:
The U.S. Export-Import Bank is adopting new guidelines on coal-fired power plants based on the Environmental Protection Agency’s proposed rules.
The revised environmental procedures prevent financing for power plants unless they adopt carbon capture, allowing some flexibility with the world’s poorest countries.
“The Bank engages in an important balancing act — in supporting our exporters, we have to weigh the potential impacts on the environment associated with our financing,” Fred P. Hochberg, chairman and president of Ex-Im, said in a statement.
Hochberg justified the move by Ex-Im to align itself with President Obama’s goal to cut carbon pollution by touting the number of jobs it has supported while also considering environmental costs.