Senators Propose Clean Energy Investment Bank

Law360, New York (March 10, 2008, 12:00 AM EDT) -- A group of U.S. senators has proposed setting up a government corporation to encourage and facilitate investments in clean energy, claiming that it would help drive down the cost of eco-friendly projects.

The Clean Energy Investment Bank of the United States, described in legislation introduced Thursday, would mirror the U.S. Export-Import Bank and Overseas Private Investment Corp. but urge domestic investors to finance greener energy plans.

“If we have any hope of reducing our dependence on foreign oil and meeting the growing challenge of global climate...
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