Jul. 13, 2020: The U.S. International Development Finance Corporation (DFC) is expected to agree to lift a ban on investment into advanced nuclear energy projects for export in July. The proposed change to the agency's Environmental and Social Policy and Procedures that would enable the consideration of support of nuclear power projects.
Blue Ridge Environmental Defense League is in opposition to the U.S. International Development Finance Corporation lifting the ban on financing risky nuclear projects abroad for the following reasons: it breaks treaty obligations and presents risks to international nuclear technology, there are many dangers of spreading nuclear, small modular reactors and microreactors are not the future or cost effective, nuclear energy is a struggling industry, and finally OPIC banned overseas nuclear investments in accordance with the world bank's lending guidelines.
Note: The Overseas Private Investment Corporation (OPIC) was the United States government's development finance institution until it merged with the Development Credit Authority (DCA) of the United States Agency for International Development to form the U.S. International Development Finance Corporation (DFC) on December 20, 2019.