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Sierra Club on Free Trade

 

 


Reauthorize Ex-im bank and keep ban on coal financing

Senator Jeanne Shaheen introduced S. 824-- A Bill To Reauthorize The Export-Import Bank Of The United States--a bill that reauthorizes the Ex-Im Bank beyond its June 30 expiration date. Shaheen's bill has no provisions that would undermine the President's Climate Action Plan that banned financing of coal plants overseas.

Senators Joe Manchin and Mark Kirk introduced Senate bill S. 819, proposing reauthorization of the Bank at the expense of the President's Climate Action Plan, with the goal to continue financing coal plants.

The Sierra Club states that Senator Shaheen has provided common-sense legislation that offers a first step toward a meaningful pathway for the reauthorization of Ex-Im, and has done so without compromising our air, our water, and the health of our families. It makes both financial and environmental sense for the U.S. and all of its taxpayer-backed financial institutions--including Ex-Im--to stop investing in dirty and dangerous fossil fuels like coal.

Source: Sierra Club 2015-16 voting recommendation on Ex-Im Bank , Mar 23, 2015

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