politics

19088 readers

3653 users here now

Welcome to the discussion of US Politics!

Rules:

Post only links to articles, Title must fairly describe link contents. If your title differs from the site’s, it should only be to add context or be more descriptive. Do not post entire articles in the body or in the comments.

Links must be to the original source, not an aggregator like Google Amp, MSN, or Yahoo.

Example:

Articles must be relevant to politics. Links must be to quality and original content. Articles should be worth reading. Clickbait, stub articles, and rehosted or stolen content are not allowed. Check your source for Reliability and Bias here.
Be civil, No violations of TOS. It’s OK to say the subject of an article is behaving like a (pejorative, pejorative). It’s NOT OK to say another USER is (pejorative). Strong language is fine, just not directed at other members. Engage in good-faith and with respect! This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban.
No memes, trolling, or low-effort comments. Reposts, misinformation, off-topic, trolling, or offensive. Similarly, if you see posts along these lines, do not engage. Report them, block them, and live a happier life than they do. We see too many slapfights that boil down to "Mom! He's bugging me!" and "I'm not touching you!" Going forward, slapfights will result in removed comments and temp bans to cool off.
Vote based on comment quality, not agreement. This community aims to foster discussion; please reward people for putting effort into articulating their viewpoint, even if you disagree with it.
No hate speech, slurs, celebrating death, advocating violence, or abusive language. This will result in a ban. Usernames containing racist, or inappropriate slurs will be banned without warning

We ask that the users report any comment or post that violate the rules, to use critical thinking when reading, posting or commenting. Users that post off-topic spam, advocate violence, have multiple comments or posts removed, weaponize reports or violate the code of conduct will be banned.

All posts and comments will be reviewed on a case-by-case basis. This means that some content that violates the rules may be allowed, while other content that does not violate the rules may be removed. The moderators retain the right to remove any content and ban users.

That's all the rules!

Civic Links

• Register To Vote

• Citizenship Resource Center

• Congressional Awards Program

• Federal Government Agencies

• Library of Congress Legislative Resources

• The White House

• U.S. House of Representatives

• U.S. Senate

Partnered Communities:

• News

• World News

• Business News

• Political Discussion

• Ask Politics

• Military News

• Global Politics

• Moderate Politics

• Progressive Politics

• UK Politics

• Canadian Politics

• Australian Politics

• New Zealand Politics

founded 1 year ago

MODERATORS

[email protected]

116

Biden promised not to finance fossil fuels. So why is the US backing a huge gas project? (www.motherjones.com)

submitted 8 months ago by [email protected] to c/[email protected]

43 comments fedilink hide all child comments

you are viewing a single comment's thread
view the rest of the comments

[–] [email protected] 0 points 8 months ago

Seems like a plausible deniabilty thing

This direct contradiction of clearly articulated administration policy is possible because of the bank’s nominal independence. It makes its own decisions and evaluates its own deals—it’s supposed to conduct transactions that support the American economy, free from political interference.

In practice, however, the administration has quite a bit of sway over the bank and its priorities. The president appoints the director and the governing board, with the approval of the Senate. Currently, the bank’s president and chair is Reta Jo Lewis, a longtime Democratic operative and reliable Biden ally who worked in the Clinton and Obama White Houses. Publicly, the Biden administration has sent signals recently that it is not happy with its own bank. Last years, when the bank approved a loan to expand an oil project in Indonesia, a spokesperson for Biden’s National Security Council told Bloomberg News that ExIm had “made an independent decision to approve the loan under its authorities and its decision does not reflect administration policy.” While the statement was a notable shot across the bow from one part of the Biden administration to another, it also was not accompanied by any further action.

For critics, the recently approved Bahrain project is an excruciating example of the bank’s refusal to adhere to the administration’s stated policies on financing fossil fuel projects. Defenders of the bank will point out that the administration’s promise in Glasgow was just that—a promise, not a law. The bank has defended its oil and gas investments, pointing to the law that prohibits it from discriminating against projects based on industry.