shot up from just under $3 million in fiscal year 2009 to $9.6 billion in 2012. Loans for renewable energy, meanwhile, have barely moved an inch.

This inconsistency between the administration’s stated goals and the reality of the Export-Import Bank’s actions should be alarming to taxpayers. The Bank should be helping American businesses export their goods abroad – not subsidizing projects that hurt the environment and do almost nothing for American workers.

Here are some of the more controversial projects the Bank has taken on in recent years:

Great Barrier Reef Fracking: The Ex-Im Bank has funded fracking in the Great Barrier Reef, one of the great natural wonders of our planet. The Bank committed $5 billion to two natural gas facilities located amidst an array of rare and protected marine species. A spectrum of environmental groups have filed suit against the bank for their financing of the project.

South Africa Coal-Fired Power Plant: In 2011, the Ex-Im Bank provided $805 million for the Kusile power plant in South Africa, one of the world’s largest coal-fired power plants. Before the loan was even made, hazardous pollutants in the area exceeded acceptable levels. Because of the potential environmental fallout, Ex-Im’s move was strongly opposed by civil society organizations in South Africa and abroad, as well as by US medical experts.

India Coal Plant: The Ex-Im Bank pledged $900 million in 2010 to the massive Sasan power plant in northern India. The Bank initially opposed the project for violating a federal carbon policy, but reversed its decision “due to pressure from the administration,” according to the Sierra Club. The project caused an outcry in the area after more than two dozen workers were killed when a smokestack collapsed and other residents were reportedly displaced to make way for the plant’s construction.

The good news is that environmental groups have taken notice and have filed not one, but two lawsuits in the hopes of blocking these kinds of loans.

The first, filed earlier this year, concerns a loan to XCoal Energy & Resources that would expand its mining operations in Appalachia and boost exports of coal abroad – the very same places, by the way, that President Obama has previously pledged to curtail coal production. A broad coalition of green groups, including the Sierra Club and Friends of the Earth, have sued the Bank for making the loan without proper environmental review.

As if that weren’t disturbing enough, the second lawsuit targets something I didn’t even think possible – fracking near Australia’s Great Barrier Reef. The Bank has apparently committed nearly $5 billion to support two natural gas facilities located beside the reef – a commitment made, once again, without scrutiny of the environmental costs.

In case it wasn’t clear, that’s $5 billion of your taxpayer dollars paying for the destruction of one of the greatest natural treasures on Earth. Such a project would be illegal in the United States under the Endangered Species Act, according to Sarah Uhlemann of the Center for Biological Diversity.

The Obama administration needs to take a closer look at the Ex-Im Bank’s activities. Their subsidies aren’t just harming foreign nations and natural habitats; they’re also doing damage to our businesses and workers here at home. Worst of all for the long run, they are actively contributing to the most destructive kind of climate change. The administration deserves a lot of credit for the good things they have on climate change regulation, but the Ex-Im bank’s subsidies for coal are in danger of wiping out much of the progress Obama has made.