(Pacific Environment and Sierra Club, Washington, 25 August 2010) Bowing to political pressure to reverse its rejection of the 3,960 MW Sasan coal-fired Ultra Mega Power and Mine Project in India, the Export-Import Bank voted Wednesday to provide a “final commitment†and send the project to Congress for final review. The move marks the last step before final approval of U.S. subsidies for one of the world’s largest point sources of carbon dioxide emissions, and yet another strategic misstep for the global climate and the clean technology export sector in the United States.
Date
2 September 2010
