
A US-China Investment War Is Quietly Emerging, and the Environment Will Be the Ultimate Casualty
By Sarah Brewin On Oct. 3, the U.S. Senate passed a law to create an agency called the International Development Finance Corporation (IDFC), to replace the Overseas Private Investment Corporation (OPIC) set up in 1969. The IDFC will invest up to $60 billion in developing countries and, unlike OPIC, is empowered to make equity investments. […]