Reach Of US Enviro Laws Key To Fight Over Ex-Im Gas Loans

Law360, New York (August 3, 2012, 7:45 PM EDT) -- Three environmental groups on Thursday challenged U.S. Export-Import Bank financing for two Australian liquefied natural gas projects, thrusting back into the spotlight the hot-button issue of whether U.S. environmental laws extend beyond its own borders.

The question is a contentious one, and experts say it will likely play a bigger role as Ex-Im Bank boosts its backing of megaprojects. Multibillion-dollar loans to energy developers like ExxonMobil Corp. and Petroleo Brasileiro SA have angered environmental groups, who say the bank hasn't kept up its end of a...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.