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[2] [4] [11] Foremost has had some of its ships built by China State Shipbuilding, some of them financed by loans from the state-owned Export-Import Bank of China. [ 10 ] [ 11 ] From 2012 to 2019 its fleet grew from 17 to 33 ships, valued at $1.2 billion, the most valuable of any dry bulk shipper headquartered in the United States. [ 2 ]
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The controversy over the coal-burning plant on the Gulf of Kutch comes at a bad time for the World Bank Group, which has been trying to position itself as a leader in the fight against climate change. The bank’s governing board pledged in 2013 to limit its funding for coal-burning plants to “rare circumstances.”.
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