Environment & Energy

Nathanael

(398 posts) Thu May 31, 2012, 04:24 PM May 2012

U.S. Ex-Im Bank Gives XCoal Energy $90 Million Loan Guarantee to Export Coal

The U.S. Export-Import (Ex-Im) bank has given XCoal Energy & Resources, a coal-exporting firm, a $90 million loan guarantee. The decision has drawn the ire of environmentalists across the country.

Burning coal is the most polluting, in terms of greenhouse gas emissions, energy source available on the planet. As a result of its threats to the environment and public health, the U.S. Environmental Protection Agency has placed significant air quality standards for American coal power plants. These measures have led to the closure of several power plants because utilities say the standards are too expensive to implement.

Link: http://www.energyboom.com/emerging/us-ex-im-bank-gives-xcoal-energy-90-million-loan-guarantee-export-coal

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U.S. Ex-Im Bank Gives XCoal Energy $90 Million Loan Guarantee to Export Coal (Original Post) Nathanael May 2012 OP

Obviously being exported as a building material or to make sculptures ... Nihil Jun 2012 #1

Nihil

(13,508 posts)

1. Obviously being exported as a building material or to make sculptures ...

Reply to Nathanael (Original post)

Fri Jun 1, 2012, 05:12 AM

Jun 2012

... as I'm sure such a responsible institution wouldn't be supporting the destruction of
air quality in countries outside of their own boundaries or actively encouraging what is
probably the most destructive industry on the planet (extraction as well as consumption)?

Or am I to gather that the lust for money simply outweighs such outdated views?

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