Ex-Im Bank Rejects Financing for Coal-Fired Plant in Vietnam; Cites Effect on Global Warming

The Export-Import Bank actually rejected a proposed coal-fired power plant in Vietnam, following President Obama's declaration last month that the U.S. would not finance coal plants abroad.

Turning down the Vietnam plant ... "has significance far beyond this project because it sends a message to the international community that financing dirty coal is no longer acceptable practice," said Doug Norlen, policy director at Pacific Environment. "The impact will spread."

Ex-Im Bank Rejects Financing for Coal-Fired Plant in Vietnam