What's at Stake With the Ex-Im Bank?
Sen. Joe Manchin, a moderate Democrat from West Virginia, is pushing legislation that would reauthorize the expiring charter for the Export-Import Bank of the United States.
But there's a climate catch.
Manchin's bill would weaken a White House push to limit the financial powerhouse from lending money to foreign nations to help build coal plants abroad.
Congressional conservatives want the bank to stop functioning altogether, so Democrats may have to pick their battles in the bank fight, and it's unclear whether there will be widespread opposition to the senator's provision from members of his own party.
Green groups, however, have been quick to rally against the measure.
If Manchin's legislation succeeds and waters down the presidential provision to limit coal plant financing in other nations, what would be the economic and environmental consequences? And, more broadly, can and should the U.S. seek to influence what other countries do with their energy mix?
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