Promoting Global Energy Access: US Support for Fossil Fuel and Nuclear Financing.
This bill requires the US government to use its influence in major international financial institutions (like the World Bank) to oppose and reverse policies that restrict funding for coal, oil, natural gas, and civil nuclear energy projects. The goal is to help developing nations gain access to affordable and reliable power. It also links US funding for the World Bank to the reversal of its current energy financing restrictions.
Key points
The US must actively oppose international financial policies that prohibit funding for coal, oil, gas, and nuclear energy projects worldwide.
Up to 50% of US funding for the World Bank may be withheld until the Bank reverses its restrictions on financing these energy sources.
The US government will work with federal agencies to promote international financing for these energy projects in developing countries.
Expired
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