White House committed to limits on coal for Export-Import Bank

The White House has said that it is committed to ending government financing for most coal-fired power plants overseas, only one day after a bipartisan bill recommended overturning limits on coal-fired plant projects by the U.S. Export-Import Bank.

"The administration is strongly committed to the long-term reauthorisation of the Export-Import Bank," said White House spokeswoman Jennifer Friedman.

"We are also fully committed to ending public financing for the most polluting power plants overseas, except in the poorest countries, and oppose language that would hinder implementation of the president's Climate Action Plan," Friedman said.

Edited from source by Joseph Green

Source: Reuters

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