Chairman Jeb Hensarling

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Egregious Ex-Im Bank Deal of the Day
Posted by Staff on July 30, 2014

e·gre·gious -- outstandingly bad; shocking.

Did an Ex-Im Project Lead to 27 Deaths?

The Export-Import Bank’s approval of $3 billion in financing for a liquefied natural gas project in Papua New Guinea reportedly led to the deaths of 27 villagers who were killed on January 24, 2012 in a massive landslide. 

  • Three environmental and development groups – Pacific Environment, Jubilee Australia and the International Accountability Project – warned Ex-Im about the project’s “several environmental, social and human rights impacts” before and after the Bank approved the $3 billion loan.
  • One report said a supply road was quickly reconstructed over the landslide -- directly over the buried bodies.

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