09 March 2020

A close-not-sell briefing for financial institutions

Many financial institutions and several energy companies have finally begun to commit to climate initiatives and exiting coal. However, while some think that selling plants to clean up their own portfolios is a responsible thing to do to reduce emissions, the reality is quite the opposite.

This briefing detail show the sale of coal power plants to different owners brings no real benefit in terms of emission reductions, and is instead an act of green washing that ultimately goes against the interests of responsible financial institutions.