U.S. Export Bank to Vote on Backing Bahrain Oil Project Despite Climate Pledge

U.S. Export-Import Bank (EXIM), the official export credit agency of the United States, is voting on Thursday whether to underwrite a loan backing an oil and gas project in Bahrain despite a U.S. pledge to stop supporting the expansion of fossil fuel projects. Last month, Exim voted to notify Congress that it plans to underwrite a loan of more than $100 million to the borrower, Bahrain’s state company Bapco Energies, which would help it drill more than 400 oil and gas wells in the Middle Eastern country. The project will…