'Hidden subsidy': Bank of England urged to stop accepting fossil fuel assets as collateral for public loans

Cecilia Keating
clock • 2 min read
'Hidden subsidy': Bank of England urged to stop accepting fossil fuel assets as collateral for public loans

Inclusion of fossil fuel assets in central bank's collateral framework is boosting value of coal, oil, and gas holdings, campaigners warn

Campaigners have accused the Bank of England of providing a "hidden subsidy" to fossil fuel companies, as they stepped up calls for the central bank to reform the way it lends public money to financiers....

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 Policy

'Moving into the mainstream': Record number of heat pump grants issued in August

'Moving into the mainstream': Record number of heat pump grants issued in August

Last month saw highest ever number of discount vouchers issued in a single month since the Boiler Upgrade Scheme began in 2022

Michael Holder
clock 24 September 2026 • 4 min read
'Only the starting line': Germany commits to fossil fuel phase-out by 2045

'Only the starting line': Germany commits to fossil fuel phase-out by 2045

Europe's largest economy targets complete departure from oil, gas, and coal in new fossil fuel transition roadmap

Stuart Stone
clock 24 September 2026 • 5 min read
'Insufficient budget': Latest Sustainable Farming Incentive round closes within hours as funding snapped up

'Insufficient budget': Latest Sustainable Farming Incentive round closes within hours as funding snapped up

Popular farming subsidy scheme sees full £233m budget allocated within hours of it opening for applications

Alex Black, Farmers Guardian
clock 23 September 2026 • 2 min read