In today’s New York Times, reporter Mike Ives details the proposed Long Phu 1 Coal Plant in Vietnam and the twisted network of funding from the U.S. Import-Export bank and Russian sources responsible for the construction of this dirty Coal Plant.
Friends of the Earth has a long history of campaigning on this and similar projects. Our two recent reports — Smoke and Mirrors: Debunking the Doctored Numbers on Long Phu-1 Greenhouse Gas Emissions and Failure to Comply: How Long Phu 1 Violates Funders’ Environmental and Social Policies — lay out the environmental case against what could become one of the world’s dirtiest new coal plants.
Trump has made no secret of his desire to increase U.S. dependency on coal. But he’s not just doing this domestically. Through the U.S. Export-Import Bank (Ex-Im), Trump is pushing developing countries toward dependence on coal for decades to come. The bank is set to spend billions of dollars on fossil fuel projects abroad, including $14 billion on pending oil and gas projects.
Read the Friend of the Earth story by Kate DeAngelis - “Export credit agencies must not fund Vietnam’s Long Phu 1 coal plant.”
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