Vietnam Pulls Request for U.S. Help to Build a Coal-Fired Power Plant [The New York Times]
GE Aerospace (GE)
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Source: The New York Times
Photo The site of the Long Phu 1 coal-fired power plant in Soc Trang Province, Vietnam. Environmental and other groups said the project would have had a greater environmental impact than reports submitted by PetroVietnam had suggested. Credit Quinn Ryan Mattingly for The New York Times HONG KONG — A Vietnamese company is no longer seeking American financial support to build a coal-fired power plant in Vietnam, bringing to an abrupt end a closely watched test of whether Washington would back international projects that could potentially contribute to climate change. On Thursday, the Export-Import Bank of the United States, a lender run by the American government, said the Vietnamese state-controlled company, PetroVietnam, had withdrawn its application for financial support. The lender, also known as the Ex-Im Bank, takes on the financial risk for American companies exporting high-value equipment and merchandise as a way to help comp
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