Banks haven't quit coal. Study says commercial lenders have channeled $1.5 trillion to the industry since 2019

  • 📰 CNBC
  • ⏱ Reading Time:
  • 42 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 72%

United Kingdom News News

United Kingdom United Kingdom Latest News,United Kingdom United Kingdom Headlines

Banks haven't quit coal. Commercial lenders have channeled $1.5 trillion to the industry since 2019

Indeed, financial institutions from just six countries — the U.S., China, Japan, India, Canada and the U.K. — were seen to be responsible for more than 80% of coal financing and investment.

"These financial institutions must come under fire from all quarters: civil society organizations, financial regulators, customers and progressive investors," Katrin Ganswindt, head of financial research at Urgewald, said in the report. "Unless we end financing of coal, it will end us." Coal is the most carbon-intensive fossil fuel in terms of emissions and therefore the most critical target for replacement in the transition to renewable alternatives.

Fog shrouds the Canary Wharf business district including global financial institutions Citigroup Inc., State Street Corp., Barclays Plc, HSBC Holdings Plc and the commercial office block No. 1 Canada Square, on the Isle of Dogs on November 05, 2020 in London, England.The International Energy Agency has made clear that unless coal is

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

I'm sharing this because this was exactly how i saw so many posts about AmelieBtc1 and how she was helping individuals with their trades and i decided to give it a try and luckly it went well, Contact her via his profile link below 👇👇 AmelieBtc1

You are indeed a great woman to be called, I assure you that I will bring friends to come and invest with you because of your excellent work you did for me. I will keep sharing the good news about you steveanthony881

Maybe we are asking the wrong questions What are the alternatives to -Coal -Plastic and the rest of the polluting gang

1.5$ trillion is big

Nuclear power sounds pretty awesome.

Sensible too. Pontificating on ESG won't keep your attic warm in a freezing cold winter night. It needs many decades of investment in Renewables before we can talk of ending Coal

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in UK

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines