BNP Paribas sets out rules for coal financing phase out

Cecilia Keating
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Credit: Reclaim Finance
Image:

Credit: Reclaim Finance

In a string of new measures unveiled yesterday, the bank has tightened its rules on providing finance to companies invested in coal, giving European firms until 2021 to align their coal strategies with a 2030 exit date.

Companies planning to build new coal-fired power plants will no longer be able to get financing from BNP Paribas, following the banking giant's introduction of a string of new policies aimed at eliminating...

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