(Fox News, Washington, 11 September 2010) Despite President Obama’s moratorium on U.S. deepwater drilling in the Gulf of Mexico, the U.S. Export-Import Bank intends to guarantee $1 billion in loans to PEMEX, the Mexican state oil company, to bolster the company’s oil drilling in the region. In other news, environmental groups have noted that the UK ECA ECGD didn’t ask about blowout dangers when supporting deepwater drilling off Brazil.
Date
6 September 2010
