Kepco under pressure to drop further coal investments

THE world’s largest investor, BlackRock, has written to Korean utility giant, Kepco, raising concerns about its continued investment in overseas coal projects.

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Kepco under pressure to drop further coal investments Kepco under pressure to drop further coal investments Kepco under pressure to drop further coal investments Kepco under pressure to drop further coal investments Kepco under pressure to drop further coal investments

Kepco pulled out of its Bylong Valley project.

In 2019 Kepco had already written-off the Bylong coal project in New South Wales and posted a loss for the year equivalent to A$2.8 billion. This followed a loss equivalent to $1.5 billion in 2018.

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