Lawsuit Launched Against Multi-billion-$ U.S. Ex-Im Subsidy of Fossil Fuel Projects in Australia

 Lawsuit Launched Against Multi-billion-$ U.S. Ex-Im Subsidy of Fossil Fuel Projects in Australia(Pacific Environment, San Francisco, 2 August 2012) Three conservation groups initiated a legal challenge on August 2nd to the U.S. Export-Import Bank's nearly $3 billion in financing for two massive coal seam fossil-fuel facilities in Australia's Great Barrier Reef. The groups provided notice that the Export-Import Bank of the United States (“Ex-Im”) has violated or is likely to imminently violate U.S. environmental law by financing the Australia Pacific Liquefied Natural Gas (“LNG”) Project and the Queensland Curtis LNG Project. The construction, dredging, operation, and shipping associated with these facilities are likely to diminish water quality, destroy habitat, and otherwise harm several ESA-listed species, including endangered dugongs, threatened green and loggerhead sea turtles, and threatened saltwater crocodiles. Even Ayn Rand fan Paul Farrell has written on "How big mining deal will sabotage America
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