LSE: 85 per cent of banks are open to financing new coal projects

Cecilia Keating
clock • 3 min read
LSE: 85 per cent of banks are open to financing new coal projects

Transition Pathway Initiative Centre warns banks are failing to enact robust met zero strategies that align with climate targets

Banks are failing to introduce policies that tackle the financing of deforestation and fossil fuel production, with some 85 per cent of leading banks still open to financing coal projects. That is according...

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

UK Finance: 'Long-term policy certainty' needed to mobilise sustainable project funding

UK Finance: 'Long-term policy certainty' needed to mobilise sustainable project funding

Commercial banks have capacity to support further investment in sustainable infrastructure where suitable opportunities exist

Stuart Stone
clock 09 November 2026 • 5 min read
'Preparedness pays': Climate-ready firms outperforming less prepared peers

'Preparedness pays': Climate-ready firms outperforming less prepared peers

New data from MSCI shows companies with robust climate strategies outperformed peers by 25 percentage points over the five years ended April 2026

clock 05 November 2026 • 4 min read
'Sensible evolution': FCA confirms new UK regulations for ESG ratings providers

'Sensible evolution': FCA confirms new UK regulations for ESG ratings providers

UK financial regulator sets out pathway for bringing providers of company environmental, social and governance (ESG) ratings for investors within its scope over the next two years

Michael Nelson, Investment Week
clock 04 November 2026 • 4 min read