EXIM Bank’s Environmental Critics Miss the Mark
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The Export-Import Bank of the United States (EXIM) supports qualified energy projects, including natural gas, to advance U.S. interests abroad. Critics attacking EXIM for its support of natural gas projects are misguided. EXIM's congressional charter prohibits discrimination against specific energy sources. Natural gas plays a critical role in reducing emissions and enhancing global energy security. EXIM's support for natural gas projects enables other countries to replicate the U.S. experience in reducing emissions. EXIM's support is consistent with the UAE Consensus, which recognizes the role of transitional fuels in the energy transition. EXIM's support also helps U.S. businesses compete against Chinese state-backed financing and provides developing countries with access to affordable, reliable energy. EXIM's support for natural gas projects includes environmental provisions to reduce GHG emissions. Overall, EXIM Bank is fulfilling its mission and benefiting the environment.
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https://www.uschamber.com/energy/exim-banks-environmental-critics-miss-the-mark