Enviros Target Ex-Im Bank Over $3B LNG Loans

Law360, New York (December 13, 2012, 7:33 PM EST) -- Three environmental groups sued the U.S. Export-Import Bank on Thursday, claiming it failed to perform rigorous environmental assessments before approving $2.95 billion in financing for an Australian liquefied natural gas project backed by ConocoPhillips and Origin Energy Ltd.

The case, filed in California federal court, will test the still-unresolved legal issue of whether the Endangered Species Act applies to U.S. agency actions taken outside of the country's borders — an issue experts have said is likely to crop up as the Ex-Im Bank ramps up its...
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.