US Ex-Im Bank urged to deny funding to South Africa’s Kusile

- January 20th, 2011

Mining Weekly.com reports that there is pressure coming from an environmental group for a US bank to withdraw financing to South Africa’s coal-fired Kusile power project.

Mining Weekly.com reports that there is pressure coming from an environmental group for a US bank to withdraw financing to South Africa’s coal-fired Kusile power project.

The editorial is quoted as saying:

But this has come up against the Friends of the Earth policy coordinator Karen Orenstein, who is urging Washington not to allow the US Export-Import Bank (Ex-Im) to provide finance to underpin Kusile, on the grounds that the power station will emit 36,8-million tons of carbon dioxide, as well as toxins and heavy metals such as arsenic and mercury.

To access the full editorial,click here.

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