ENVIRONMENT

Westpac pulls out of lending for coal

WESTPAC has announced it will end new loans to thermal coal businesses in 2030, joining the list of 45 banks to reduce their exposure to thermal coal.

Westpac pulls out of lending for coal

The bank aims to have zero exposure to companies that derive more than 25% of revenue from thermal coal by 2030 and follows a decision in 2017 to rule out loans to mines that extracted coal with energy...

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A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Monthly Intelligence team.

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