UPDATE 1-EU finance arm curbs loans to coal-fired power plants
The board first raised issues with the campaign in 2011 after a D.C. Office of Campaign Finance audit pinpointed the campaign committees failure to account for more than a quarter-million dollars in donations and expenses while it funneled $239,000 through a political consulting firm to a company operated by Mr. Browns brother. Washington Post Editorials Editorials represent the views of The Washington Post as an institution, as determined through debate among members of the editorial board.
The EIB decision follows moves by other multilateral financial institutions such as the Washington-headquartered World Bank to fund coal-fired power stations only in “rare circumstances”. RECONSIDERING COAL The pullback by multilateral banks comes as more private sector lenders are already reconsidering their exposure to coal-related assets. “New coal power plants are no longer viewed as the low-risk, low-cost option for electricity, so we would expect that private finance for coal will stop flowing,” said Athena Ronquillo-Ballesteros of Washington-based think tank the World Resources Institute (WRI). U.S.
Baucus Says Finance Panel to Consider Tax Code This Year
Republicans reject that idea and say the deficit should be reduced only through spending cuts. Consensus Needed Rob Leonard, a tax lobbyist at Akin Gump Strauss Hauer & Feld LLP in Washington, said Baucus must lay out a complete proposal that best reflects his sense of where he can find consensus on the Finance Committee, which has 13 Democrats and 11 Republicans. A chairman usually does not — and in this case wont — go into a room with a lot of surprises, said Leonard, a former House Democratic staff member whose clients include United Technologies Corp. and the Private Equity Growth Capital Council. I certainly hope that he can get there, Senator Charles Schumer, a New York Democrat on the Finance panel, said of the prospects for committee action.