U.S. Treasury Limits Funding for New Overseas Coal Projects

The U.S. Treasury has announced plans to limit funding for new overseas coal projects as part of the nation’s international climate strategy. On October 29, 2013, the U.S. Department of Treasury revised its technical guidance for Multilateral Development Bank (MDB) funding for new overseas coal projects.  The revisions, which replace the 2009 Guidance to MDBs…