In a blog post this week, United States Export-Import Bank President Fred Hochberg paints a rosy picture of future trade relations between the United States and key emerging markets such as India and South Africa - one which envisions a revamped American economy fueled by export trade that feeds a growing middle class.
Yet despite this rhetoric, Ex-Im Bank is not only failing to finance a clean energy economy, but it is also saddling dynamic emerging markets with 19th century fuels by propping up an industry only able to survive in a 21st century economy through political maneuvering, enormous subsidies, and misleading PR campaigns.
continued at Daily Kos....
