The bank’s move is followed by the proposal from five US environmental groups – Earth, Greenpeace USA, Pacific Environment, Center for International Environmental Law and Center for Biological Diversity, to stop the project as a global-warming concern.
The groups wrote to US President Barack Obama claiming that the use of outmoded subcritical boiler technology in the project is a violation of the Climate Action Plan to cut federal support for the projects.
Pacific Environment policy director Doug Norlen said, "By denying taxpayer backed financing for this dirty coal project, the Export-Import Bank put the action in the President’s Climate Action Plan."
The five groups have also stated that the coal plant will emit unacceptable air pollution that will worsen climate disruption and poison local communities, reported Reuters.
Ex-Im financing for fossil-fuel projects in countries such as India and South Africa touched a record $9.6bn in the 2012 fiscal year.
