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U.S. taxpayers are paying to increase carbon emissions in the developing world

Makes total sense!

Posted by David Roberts at 2:38 PM on 15 Aug 2007

On the one hand, Bush and the Republicans say we're helpless to do anything about global warming until China and India act.

On the other hand, the U.S. Export-Import Bank and the Overseas Private Investment Corp. are funneling billions in taxpayer dollars to huge corporations (think Halliburton and Bechtel) to help them construct carbon-intensive hard infrastructure projects:

According to their own reports, the two agencies approved projects in recent years that annually emitted more than 125 million metric tons of CO2 -- the equivalent of putting 31.3 million new cars on the road or increasing U.S. carbon emissions by 2%, according to the Energy Department.

So you see, it's not just that the U.S. government is using the developing world as an obscene excuse not to act. Not just that it's failing to help fund carbon reductions in the developing world. The U.S. government is actively funding massive increases in carbon emissions in those countries.

Grr.

I don't see the big deal

After all, we also pay to increase carbon emissions in our country, whether through cost-plus utility rates or cross-subsidization of oil prices with income taxes.  We may be dangerously stupid, but at least we're consistent.

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