Press Releases
Rogers: OECD Financing Restrictions Open Doors for China, Inferior Coal Technology
Washington, DC,
February 26, 2015
Congressman Mike Rogers recently signed a letter condemning the Obama Administration's push for members of the Organization of Economic Cooperation and Development (OECD) to impose stringent conditions on the public financing on overseas coal-fired power plants, specifically the U.S-British proposal that would allow OECD countries to consider financing for nations with no other economically feasible alternatives. Congressman Rogers said, "Coal continues to prove itself as an affordable and reliable source of energy for both residential and industrial needs. The Administration's proposal would inhibit many nations from utilizing the best option to ensure continued growth and economic prosperity. This is another example of President Obama’s ongoing war on coal." The letter, led by Congressmen Harold Rogers (KY) and David McKinley (WV) cited a recent study from the University of Tokyo that reported China is the current leader in public financing in the developing work. It also noted that the Administration's actions would further impede OECD countries from aiding developing nations. Rogers serves as Chairman of the Strategic Forces subcommittee on the Armed Services Committee and is a senior member of the Homeland Security and Agriculture committees. -###- |