- Cape man gets 8 years for robbery, his first offense (12/7/16)8
- Post-election taunts reported at Jackson schools (12/2/16)28
- Abuse suspect tries to take cop's gun; officer zaps him with Taser and punches his face (12/7/16)3
- Man sentenced to 103 years for murder of Cape woman (12/6/16)4
- Cape may allow residents to keep chickens; residents at meeting push for measure (12/6/16)33
- Burglary suspect apprehended inside Jackson garage (12/4/16)
- Poplar Bluff man accused of enticement, child porn in Scott County sting operation (12/4/16)
- Group seeks to create a neighborhood park on Cape Girardeau's south side (12/7/16)14
- Lt. Gov. Kinder weighs in on Trump's win, his future plans (12/4/16)13
- Cape police warn of 'Grandparent Scam' (12/4/16)
U.S. funding denied for huge natural gas project
WASHINGTON -- The Export-Import Bank of the United States, after heavy lobbying from environmental groups, denied funding Thursday for a large natural gas development project in Peru backed by two Texas-based energy companies with close ties to the Bush administration.
The bank's board of directors, who oversee an independent federal government agency that helps finance the sale of U.S. exports, voted 2-1 to deny approximately $200 million in loan insurance for the project on the Lower Urubamba River basin near the Camisea River.
Environmentalists said the so-called Camisea project could destroy one of the world's most biologically diverse and wild rain forests, with indigenous people living in isolated areas.
"This decision is situation-specific," Ex-Im Chairman Philip Merrill said, "and does not reflect the bank's overall interest in financing U.S. exports for energy projects throughout the world."
Environmental groups praised the board's decision.
"Ex-Im board members displayed courage and environmental leadership in the face of considerable pressure," said Jon Sohn of Friends of the Earth.
Two of the companies involved in the project, Hunt Oil Co. of Dallas and Halliburton Co. of Houston, have close ties to the Bush administration and the Republican party.
On the Net:
Export-Import Bank: http://www.exim.gov
Friends of the Earth: http://www.foe.org