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Home Agribusiness Fury Over $500 Million US Export-Import Bank Loan to Bahrain ‘Climate Bomb’

Fury Over $500 Million US Export-Import Bank Loan to Bahrain ‘Climate Bomb’

March 15, 2024

Despite a Biden administration pledge to stop backing international fossil fuel projects by 2022, the U.S. Export-Import Bank announced Thursday that it would provide a $500 million loan for oil and gas expansion in Bahrain. The funding marks the fifth time that EXIM has chosen to back a fossil fuel project abroad since President Joe…

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