COAL OUTSOURCES

U.S. government may finance massive coal projects in India, South Africa
August 26, 2010 (Mongabay)

"The United States Export-Import Bank (Ex-Im Bank) voted…to seek a final review of a $900m loan for a controversial 3,960 MW coal-fired power plant in India…

"The Sasan coal-fired Ultra Mega Power and Mine Project is one of nine ‘Ultra Mega Power Plants’ being pursued by the Indian government. Each plant is roughly equivalent of eight average U.S. coal fired power plants and will generate 26 to 27 million tons of carbon dioxide annually, or about 1.7 percent of India's total greenhouse gas emissions."

THIS is what the U.S. Export-Import Bank should be funding in India. (click to enlarge)

"The move was condemned by Doug Norlen, Policy Director for Pacific Environment…[who said] 95 percent of Ex-Im’s energy portfolio is based on fossil fuels.

"The investment trend looks to continue. The agency is now looking to fund the 4,800 MW Kusile coal project in South Africa. The plant would generate 36.8 million tons of carbon dioxide annually, increasing emissions from South Africa's energy sector by nearly 13 percent and the country's overall emissions by 9.7%…"

THIS is what the U.S. Export-Import Bank should be developing in South Africa. (click to enlarge)

"Pacific Environment and its coalition partners, including Friends of the Earth and the Sierra Club, are calling upon the Export-Import Bank to halt funding of fossil fuels projects overseas and instead focus on clean energy…

"A recent study by the World Wildlife Fund found that for every million dollars invested in energy projects, 13.5 jobs are created in the clean tech export sector. For the same amount of spending in the oil and gas and coal industries, only 3.7 and 4.9 jobs are created respectively."