U.S. Says It Won’t Back New International Coal-Fired Power Plants

Posted by New York Times: Michael D. Shear on October 30th, 2013
New York Times: In an aggressive move to impose President Obama’s environmental policies overseas, the Treasury Department on Tuesday largely declared an end to United States support for new coal-fired power plants around the world. The decision means that Mr. Obama’s administration will no longer contribute to coal projects financed by the World Bank and other international development banks. “What we’re trying to do is to use the leverage associated with public finance to help developing countries move in the......

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