ENN, February 10, 2008
A federal lawsuit that sought to force two U.S. agencies to address the global warming implications of their overseas financing activities was settled Friday after more than six years. The suit established important legal precedents related to global warming.
The plaintiffs, including Friends of the Earth, Greenpeace and the city of Boulder, filed the suit in 2002 alleging that Export-Import Bank of the United States and the Overseas Private Investment Corporation illegally provided more than $32 billion in financing and insurance to fossil fuel projects over 10 years without assessing whether the projects contributed to global warming or impacted the U.S. environment, as they were required to do under the National Environmental Policy Act (NEPA). Read more...
The plaintiffs, including Friends of the Earth, Greenpeace and the city of Boulder, filed the suit in 2002 alleging that Export-Import Bank of the United States and the Overseas Private Investment Corporation illegally provided more than $32 billion in financing and insurance to fossil fuel projects over 10 years without assessing whether the projects contributed to global warming or impacted the U.S. environment, as they were required to do under the National Environmental Policy Act (NEPA). Read more...
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