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BNP Paribas to end all coal investments worldwide by 2040

The French bank is shifting its financing to renewable energies | Credit: BNP Paribas

Michael Holder
@MichaelHolder
25 November 2019

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French banking giant to end coal financing in Europe by 2030 and sets new renewable energy investment target of €18bn by 2021

BNP Paribas has pledged to cease all financing related to the European thermal coal sector by 2030, before then halting coal investment globally by 2040, as the French banking giant seeks to limit its...