Resource Pages

Nov 1, 2010

As we ban our own offshore drilling, we’re subsidizing Mexico’s offshore drilling

Washington Examiner - The U.S. Export-Import Bank, an independent federal agency, loaned more than $1 billion to the Mexican state oil company PEMEX in 2009 to support the company's oil drilling in the southern Gulf of Mexico. The bank has another $1 billion in loans in the pipeline for 2010, unless Congress objects.