'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....

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Cecilia Keating
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Cecilia Keating

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