Banks still back coal

MOST banks and insurers still support coal projects, with 216 top financial institutions continuing to have no policy on coal and most banks and insurers allowing direct financing or insurance coverage for coal projects, according to a tool by activist group Reclaim Finance.

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Banks still back coal Banks still back coal Banks still back coal Banks still back coal Banks still back coal

Fifty banks and insurers analysed in the tool still did not exclude any coal companies.

This was the case for the UK insurance market Lloyd's, the US insurers AIG and Liberty Mutual, the Chinese bank ICBC and the Polish insurer PZU, which did not exclude any new coal projects, it said.