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

  • Enjoy exclusive news, insights and analysis from Europe’s leading source of information on the green economy and business.
  • Make smart, responsible business decisions with an eye on the latest regulatory and tech development
  • Tap into our extensive archive of exclusive articles, news, analysis and guide
  • Access to our new BusinessGreen intelligence service, providing you with
  • > Exclusive in-depth case studies
  • > Policy briefings, white papers and reports on market trends that are shaping the direction of the net zero transition
  • Our overnight briefing, expertly curated help you run a competitive and sustainable business
  • Online and interactive meetings with BusinessGreen’s editors to discuss the crucial stories and trends from the past month

Choose the membership package that's right for you and your organisation, via our 3 membership levels.

Join now

 

Already a BusinessGreen member?

Login

More on Investment

Europe's 20 biggest banks urged to clarify net zero funding plans

Europe's 20 biggest banks urged to clarify net zero funding plans

ShareAction calls on CEOs of top banks to provide detailed net zero aligned financing and investment strategies

Michael Holder
clock 19 December 2024 • 4 min read
'Water companies now need to rise to this challenge': Ofwat approves record £104bn upgrade plan

'Water companies now need to rise to this challenge': Ofwat approves record £104bn upgrade plan

Confirmation average bills are to rise 36 per cent sparks anger, but industry insists increases are essential for tackling sewage pollution

James Murray
clock 19 December 2024 • 5 min read
Goldman Sachs set to exit Net Zero Banking Alliance

Goldman Sachs set to exit Net Zero Banking Alliance

US banking giant reportedly plans to leave UN-convened climate coalition, but insists it remains committed to achieving net zero emissions by 2050

Michael Holder
clock 09 December 2024 • 4 min read