'Another nail in the coffin': Westpac joins thermal coal investment exodus

James S Murray
clock • 3 min read

Australian banking giant becomes latest major investor to tighten coal lending rules with 2030 target for ending investment

Australian banking giant Westpac has become the latest in a string of major investors to signal it is to sever ties with the thermal coal mining sector, pledging to end investment in the industry by 2030....

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

More on Investment

Meatable acquires Uncommon's cultivated meat platform

Meatable acquires Uncommon's cultivated meat platform

Lab grown meat pioneer pledges to progress and scale up Uncommon Bio's alternative protein innovation, after Cambridge-based firm shifts focus to therapeutic products

Stuart Stone
clock 21 August 2025 • 4 min read
Clean Growth Fund secures initial £49m in backing for UK climate tech

Clean Growth Fund secures initial £49m in backing for UK climate tech

Climate tech venture capital firm has raised almost a third of £150m target to accelerate net zero innovation

Stuart Stone
clock 18 August 2025 • 2 min read
'Building consistency': Transition Finance Council unveils draft guidance

'Building consistency': Transition Finance Council unveils draft guidance

Consultation launched on new guidelines that aim to help boost finance for carbon intensive sectors looking to transition towards net zero

Stuart Stone
clock 18 August 2025 • 4 min read