The little money he did make" — Prokopi would have netted about three hundred and fifty thousand dollars from the T. bataar sale — "he then would reinvest into subsequent fossil projects because of the love of his craft".
Amato explained that the goal of the living-fossil project is to press back as far as possible into evolutionary history.
The president-elect has already stated he wants to "lift the Obama-Clinton roadblocks and allow vital energy infrastructure projects to move forward", including the Keystone pipeline, another controversial fossil fuel project.
Actor and environmentalist Robert Redford thanked Obama and the activists who "banded together to demand a stop to this short-sighted, destructive fossil fuel project".
Equally troubling, however, is the signal that this case may send to our or other governments considering rejection of a dirty fossil fuel project.
They demand banks stop lending to projects that expand existing fossil fuel projects' footprints or lifetimes and stop lending to companies that seek to expand the fossil fuel industry.
Seven U.S.-based groups have already coalesced to urge the U.S. Export-Import Bank to publicly commit to rejecting any proposal for the financing of harmful coal projects near the Sundarbans and any other harmful fossil fuel projects in Bangladesh.
With past fossil fuel projects eating up precious cap space, the agency simply can't fund big fossil fuel projects given these constraints.
Since 2009, it has financed 70 fossil fuel projects.
