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The Export-Import Bank recently approved a $5 billion loan to French energy company TotalEnergy to build a liquefied natural gas (LNG) pipeline in Mozambique. An American organization is funding America’s economic competition, contradicting its mission and President Donald Trump’s plans to support U.S.-based businesses.
Ex-Im was established in 1934 via an executive order by Franklin D. Roosevelt as an independent executive agency with the purported goal of supporting American jobs by facilitating the export of U.S. goods and services.
Alaska Gov. Mike Dunleavy just wrapped up a trip to Asia to secure contracts for Alaska’s LNG industry and the construction of its new pipeline. U.S. Energy Secretary Chris Wright is authorizing LNG expansion nationwide. At the same time, Ex-Im is funding a direct competitor. Why? How?
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