MARKETS

Banks shying away from coal projects: Market Forces

AUSTRALIA’s big four banks haven’t directly financed a single new coal project since committing to support the 2°C warming limit at the Paris Climate Agreement in 2016, according to environmental activist group Market Forces.

Lou Caruana
Banks shying away from coal projects: Market Forces

There has been a considerable drop off in lending to the coal sector in general over recent years, it said.  In 2015, more than $3 billion flowed from the big four banks to the coal sector, but that...

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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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