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Export-Import Bank — a federal body that provides loan guarantees to American exporters — has refused to provide guarantees to a Wisconsin company that manufactures mining equipment because the equipment might be used for … mining. The company (Bucyrus) was set to sell up to $600 million in equipment to an Indian mining operation, but the Ex-Im Bank board voted it down because of the Administration’s policy not to back projects with heavy carbon emissions.
For those following at home: Nobody suggests that the American exporter is a polluter. Rather, the Administration is afraid that the customer — in India — might be a polluter.
Isn’t that a question for the Indian authorities?
And wasn’t this the President who was going to double exports over five years?