Coal news and updates

The  “war on coal” may be coming to a poor country near you. The Obama administration is pushing international lending institutions to stop funding the construction of coal plants around the world in the name of fighting global warming.

 

The Treasury Department announced on Tuesday that it would refuse to fund coal projects through international development agencies if they don’t meet the same environmental standards imposed on new coal plants being built in the United States.

 

“As developing economies embark on a journey towards a clean energy future, today’s announcement marks an important step in helping them reach this goal,” said Lael Brainard, the undersecretary for international affairs at the Treasury Department. “By encouraging the use of clean energy in multilateral development bank projects, we are furthering the U.S. efforts to address the urgent challenges of climate change.”

 

The  “war on coal” may be coming to a poor country near you. The Obama administration is pushing international lending institutions to stop funding the construction of coal plants around the world in the name of fighting global warming.

 

The Treasury Department announced on Tuesday that it would refuse to fund coal projects through international development agencies if they don’t meet the same environmental standards imposed on new coal plants being built in the United States.

 

“As developing economies embark on a journey towards a clean energy future, today’s announcement marks an important step in helping them reach this goal,” said Lael Brainard, the undersecretary for international affairs at the Treasury Department. “By encouraging the use of clean energy in multilateral development bank projects, we are furthering the U.S. efforts to address the urgent challenges of climate change.”

 

“Kosovo doesn’t meet the test of the president’s action plan,” said Nezir Sinani, a climate change coordinator at the Bank Information Center, a sustainable development group. “This is the test case and all eyes are on the U.S. government to see if they are serious.”

 

 

 

Source: dailycaller.com