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US loans fueled insider deal, failed power plan in Liberia

BUCHANAN, Liberia (AP) The auburn-red soil and lush green vegetation lured the foreign investors to Liberia's third-largest city with visions of environmental gold. They formed a company, Buchanan Renewables, and set anchor, crafting a plan to convert swaths of rubber trees into biomass chips that would power the impoverished nation and fuel their own profits. The Overseas Private Investment Corporation, a little known U. S. government agency 4,700 miles away, backed the venture with $217 in...

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