US ends most financing of overseas coal projects

[ScienceRocks]

US ends most financing of overseas coal projects

The United States said Tuesday it would end most financing of coal projects overseas, taking a potentially significant step to curbing carbon emissions blamed for climate change.

The decision puts into action a pledge in June by President Barack Obama to pursue more climate-friendly development policies. The World Bank, where the United States holds the most voting power, also stated after Obama's pledge that it would stop most financing for coal, among the dirtiest forms of energy.

The Treasury Department said it would end support for coal plants by the World Bank and other international development institutions unless the projects involve new carbon-capture measures or if there is no other economically feasible option in one of the world's poorest countries.

Read more at: US ends most financing of overseas coal projects

 

[Moonglow]

good

 

[Mr. H.]

First, kill the coal industry at home. Then kill coal exports. What a putz.

 

[chikenwing]

First, kill the coal industry at home. Then kill coal exports. What a putz.

Well he did stop the sea's from rising.