'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

Cecilia Keating
Author spotlight

Cecilia Keating

View profile
More from Cecilia Keating

Why the Women in Green Business Awards is more important than ever

'Simplicity is key': Behind the scenes at UK direct air capture start-up Mission Zero Technologies

More on Policy

'License to kill': Government's planning reforms face fresh warnings over 'catastrophic' threat to nature
Policy

'License to kill': Government's planning reforms face fresh warnings over 'catastrophic' threat to nature

More than 40 climate experts write to MPs as Planning and Infrastructure Bill moves towards committee stage to warn proposals could allow developers to sidestep environmental laws

James Murray
James Murray
clock 25 April 2025 • 8 min read
Lucky number seven: There are big challenges - and opportunities - in the UK's seventh carbon budget
Policy

Lucky number seven: There are big challenges - and opportunities - in the UK's seventh carbon budget

AECOM's Helena Rivers explores the CCC's recommendations for the Seventh Carbon Budget and what they could mean for the UK

Helena Rivers, AECOM
clock 25 April 2025 • 5 min read
Let's rethink climate action as a local government issue
Policy

Let's rethink climate action as a local government issue

Climate change is a local issue just as much as is a national or international one - so let's give councils more resources and responsibility to tackle it, writes Exmouth Town Council's climate officer Zoey Cooper

Zoey Cooper, Exmouth Town Council
clock 22 April 2025 • 4 min read