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house Bill H.R. 2813

Should the Export-Import Bank Not Finance High Carbon Intensity Energy Projects?

Argument in favor

The U.S. needs to help mitigate climate change, and not letting the Export-Import Bank finance high carbon intensity energy projects overseas is a step in the right direction.

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02/10/2018
Yes, but to go in a more progressive direction, any US funded entity, should only support ethical solutions to root causes. This policy would eliminate any support for anything that does not benefit society, humanity, wildlife, environment, the planet. The world needs leadership. The world needs to address root causes, instead of kicking the can down the road. The world needs revolutionary ideas that can expand and are scalable, not obsolete in a couple years. If we stop putting quarterly profits and corporate greed as priority, and start addressing the issues with people-centric solutions, we can accomplish almost anything, make a comfortable living and save the planet, and make the world inclusive to all humans and species. Conservatism is a root cause to many of the world’s issues. Let’s make the Earth great again!
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IllWill's Opinion
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02/10/2018
Yes! No dirty energy projects should be getting support from our government. If we’re going to finance any energy projects, they should only be wind, solar, hydro, etc. We’ve been wasting too much time on this issue. It’s time for the U.S. to get serious about climate change.
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Chickie's Opinion
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02/10/2018
Goodness! Hello 1900’s, it’s the 21st century calling. Are we not a more aware society that we realize building dirty carbon will build dirty air? This is just another way for the GOP and this administration to make dirty money. We must take a stand not only for our country, but for our world.
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Argument opposed

This bill would have a negligible impact on carbon emissions and make it harder for U.S. energy companies to get the financing they need to compete for major projects overseas.

Fg's Opinion
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02/10/2018
I have a better-idea get rid of the import- export bank and let the free market do its work. If there is no demand there is no sale. If there is a way to do it more economically it will change .
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CombatVeteran's Opinion
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02/10/2018
Over regulation is becoming too popular among our government. Let the free market thrive. If people don't want to support coal, they won't. But, for those that do, they will. People don't have the right to tell others what to do with their lives. That's what makes being free so great. Let the banks finance what they want.
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anatidae's Opinion
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02/10/2018
I’m all for going green, but it should be up to the market, not the government, to do so.
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bill Progress


  • Not enacted
    The President has not signed this bill
  • The senate has not voted
  • The house has not voted
      house Committees
      Committee on Financial Services
    IntroducedJune 7th, 2017

What is House Bill H.R. 2813?

This bill — known as the SADD Act — would prohibit the Export-Import Bank of the U.S. from providing financial support for high carbon intensity projects that generate electricity and produce at least 500 grams of carbon dioxide per kilowatt-hour of electricity generated (such as coal-fired power plants). The Export-Import Bank is the “official export credit agency of the U.S.” and gives American businesses financing tools to complete deals exporting their goods or services to other countries.

The bill’s full title is the Standing Against Dirty Diplomacy Act.

Impact

U.S. energy companies; foreign electricity projects producing at least 500 grams of carbon dioxide per kilowatt-hour of electricity generated.

Cost of House Bill H.R. 2813

A CBO cost estimate is unavailable.

More Information

In-DepthSponsoring Rep. Jared Huffman (D-CA) introduced this bill to reduce America’s global pollution footprint and ensure that that taxpayer funds aren’t used to “promote a dirty energy agenda abroad”:

“President Trump’s hasty withdrawal from the Paris Agreement was a complete abdication of America’s leadership in the fight against carbon pollution and global climate change, allowing other nations to lead on clean energy investment while the United States lags behind. The dirty energy diplomacy supported by our top diplomat and Trump cabinet officials is further eroded by an Export-Import Bank intent on investing in 19th century fuels. While some in Washington pursue a dirty energy agenda at home and abroad, Congress can still take action to reduce carbon pollution. The Standing Against Dirty Diplomacy Act will help get America back on the right track: building a clean energy future by cutting off the billions of dollars we are wasting on dirty coal boondoggles abroad.”

Huffman told KRCR News that the Export Import Bank provided $900 million in financing for a 4,000 megawatt coal-fired power plant in India, and $800 million for a 4,800 megawatt coal-fired plant in South Africa.


Media:

Summary by Eric Revell

(Photo Credit: CreativeNature_nl / iStock)

AKA

SADD Act

Official Title

To prohibit the Export-Import Bank of the United States from providing financial support for certain high carbon intensity energy projects.

    Yes, but to go in a more progressive direction, any US funded entity, should only support ethical solutions to root causes. This policy would eliminate any support for anything that does not benefit society, humanity, wildlife, environment, the planet. The world needs leadership. The world needs to address root causes, instead of kicking the can down the road. The world needs revolutionary ideas that can expand and are scalable, not obsolete in a couple years. If we stop putting quarterly profits and corporate greed as priority, and start addressing the issues with people-centric solutions, we can accomplish almost anything, make a comfortable living and save the planet, and make the world inclusive to all humans and species. Conservatism is a root cause to many of the world’s issues. Let’s make the Earth great again!
    Like (62)
    Follow
    Share
    I have a better-idea get rid of the import- export bank and let the free market do its work. If there is no demand there is no sale. If there is a way to do it more economically it will change .
    Like (41)
    Follow
    Share
    Yes! No dirty energy projects should be getting support from our government. If we’re going to finance any energy projects, they should only be wind, solar, hydro, etc. We’ve been wasting too much time on this issue. It’s time for the U.S. to get serious about climate change.
    Like (41)
    Follow
    Share
    Goodness! Hello 1900’s, it’s the 21st century calling. Are we not a more aware society that we realize building dirty carbon will build dirty air? This is just another way for the GOP and this administration to make dirty money. We must take a stand not only for our country, but for our world.
    Like (27)
    Follow
    Share
    Over regulation is becoming too popular among our government. Let the free market thrive. If people don't want to support coal, they won't. But, for those that do, they will. People don't have the right to tell others what to do with their lives. That's what makes being free so great. Let the banks finance what they want.
    Like (17)
    Follow
    Share
    I’m all for going green, but it should be up to the market, not the government, to do so.
    Like (10)
    Follow
    Share
    We don’t need carbon-producing energy anymore! Develop new green power plants with emerging technologies. This will keep us moving into the future. Upcoming developing nations are not living in the coal-past but in the renewables future. The US needs to stop living in the past! Old conservative people, please die, because your greed is suffocating us.
    Like (9)
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    We need more CLEAN energy not fossil fuels!
    Like (6)
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    It’s time to put the coal fired energy systems out of business and go towards solar and melted salts plants
    Like (6)
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    Once again, the powers that be are picking winners and losers. Let the free market choose.
    Like (6)
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    YES THE EXPORT-IMPORT BANK SHOULD NOT FINANCE, FUND OR IN ANY WAY GIVE MONEY TO HIGH CARBON INTENSITY ENERGY INDUSTRIES OR PROJECTS OF ANY KIND !!!!!!! THEY ARE ALL OBSOLETE !!!!!!!!!!!!!!! THE WORLD NEEDS A NEW BUSINESS STRUCTURE THAT DISCOURAGES STOCK HOLDER AND CEO PROFITS AT THE EXPENSE OF PUBLIC AND ENVIRONMENTAL WELFARE !!!!!!!!!!
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    No need to finance non-progressive technologies that undermine the atmosphere.
    Like (5)
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    Money should be going to more sustainable energy sources not ones that contribute to global warming.
    Like (5)
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    The tariffs on solar panels and the trashing of the Clean Water act is enough. Don’t support high carbon businesses too
    Like (5)
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    Go green and save the country
    Like (5)
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    The Export-Import Bank should not exist. It's only purpose is to distort market forces by subsidizing international trade at taxpayers' expense. End it altogether.
    Like (5)
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    I don’t recall hearing much about climate change, when I was a kid. And, to the naysayers of climate change, let’s just say that IF it’s a hoax, why didn’t it happen before the industrial world started spewing crap into the air that we breathe...at least for now, anyway? Was it happening all along, and just being kept secret? IT IS man made! It’s crystal clear that if/when advances in technology are not profitable, sometimes they never see the light of day. Concerning the food we put into our, now, poisoned bodies, it seems to me that not only should Americans grow their own food. But, they should create their own energy, too. Perhaps, a return to the horse and buggy days wouldn’t be so bad. The non-billionaires/millionaires have had enough with the horseshit in Washington.
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    As one of the leading countries of the world, it’s very important to set ecologically sound standards and this would be a good start to show that we as citizens of this planet care for and about the environment!
    Like (5)
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    All forms of energy contribute to the advancement of mankind. To eliminate any one type of energy production harms people. Approximately 1.5 billion people do not have access to electricity. Providing cheap, reliable and plentiful energy of all kinds is the moral thing to do.
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    Any diminishment of harm is desirable. Of course it is a travesty to poison earth air and water in other countries. But I can’t help but notice our travesties, destroying earth, air and water within our borders are being perpetrated for the profits of the 1% along with campaigning to restart the nuclear arms race so Our Dear Leader #45 can further his destructive fascist agenda. It appeaars that some people don’t realize that air poisoned in India or Africa is not halted at their borders. Or that denying Global Climate Change doesn’t make it stop,
    Like (4)
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