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U.S. wont fund a massive coal plant in Vietnam

2013-07-19 23:18:00| Climate Ark Climate Change & Global Warming Newsfeed

Grist: On Thursday, the board of the U.S. Export-Import Bank voted against backing a new coal-fired power plant in Vietnam. The 1,200-megawatt Thai Binh Two plant was the first test of one of the policy changes President Barack Obama laid out in his big climate speech last month. Reuters reports that Ex-Im said the decision came after "careful environmental review." In his speech, Obama called for an end to public funding for new coal plants "unless they deploy carbon-capture technologies, or there`s...

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