Friends of the Earth: EXIM Sends Late Christmas Gift to Exxon, Approving Guyana Gas Deal
December 27, 2024
December 27, 2024
WASHINGTON, Dec. 27 -- Friends of the Earth issued the following news release on Dec. 26, 2024:
Today the US Export-Import Bank quietly voted on and presumably awarded a $526 million loan agreement to ExxonMobil and partners for a massive gas project in Guyana. This approval occurred despite serious complaints of pollution and harms to the community raised by Guyanese activists. According to IEEFA, the project will result in a substantially overbuilt electrical system.
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Today the US Export-Import Bank quietly voted on and presumably awarded a $526 million loan agreement to ExxonMobil and partners for a massive gas project in Guyana. This approval occurred despite serious complaints of pollution and harms to the community raised by Guyanese activists. According to IEEFA, the project will result in a substantially overbuilt electrical system.
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