Manchin drops coal provision from Ex-Im Bank bill

From: The Hill

By Laura Barron-Lopez

Sen. Joe Manchin (D-W.Va.) introduced his bill to reauthorize the Export-Import Bank’s charter Wednesday evening without a controversial provision to roll back the bank’s restrictions on financing overseas coal plants.

After initially pushing language of the bill with the provision, which blocks guidelines the bank implemented in December that prevent funding of coal plants abroad unless they adopt carbon capture technology, Manchin opted to propose the measure as a separate amendment.

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Manchin will push the amendment to reverse the bank’s financing restrictions when the bill comes to the Senate floor. Rather than mandating overseas coal plants adopt carbon capture, the measure requires that such projects use the “best commercially available clean coal technology” that is used by the U.S., allowing companies to export it.

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