U.S. Reps Split on Bill for Ex-Im Bank to Treat Renewable-Energy and Fossil-Fuel Products Equally
KEY VOTES AHEAD Both chambers in the week of Nov. 18 will take up a stopgap fiscal 2020 funding bill to keep the government in operation after temporary spending authority expires Nov. 21. WASHINGTON — Alabama’s representatives split along party lines last week on an amendment to another bill that would have removed provisions that favor renewable-energy sales abroad over sales of fossil-fuel products. The House on Nov. 15 defeated, on a 188-232 vote, the GOP-sponsored amendment to HR 4863, a bill to extend the U.S. Export-Import Bank for 10 years. The bill would require sales of renewable-energy goods and services to overseas customers to receive at least 5 percent of the Export-Import Bank's annual lending authority. In addition, energy-related transactions would have to estimate the volume of carbon dioxide emitted by projects receiving Ex-Im subsidies. In part, the amendment would block creation of a new Ex-Im unit aimed at promoting energy-efficiency and renewable-energy exports and require the bank to weigh the overseas affordability of energy products before approving transactions. Read more.