Categories for Utilities

Fool’s Gold: Financial institutions waste billions on coal, undermining climate action

July 15, 2020 10:12 am Published by

European financial institutions and international investors and banks including BlackRock and the Japanese megabanks are keeping Europe’s terminally declining coal industry on life support, handing companies €12 billion in investment, and €9.8 billion in loans and underwriting in less than 1.5 years, according to a new report.