Coal Loophole Undermines Bank Pledges to Cut Fossil Fuel Funding

Bank Plan Could Unlock Billions in Green Loans for Climate Action - One Green Planet

A new plan to buy up green loans in developing countries could unlock trillions for climate action and push fossil finance aside. The post Bank Plan Could Unlock Billions in Green Loans for Climate Action appeared first on One Green Planet.

Coal fight a burning issue for Cook

The clock is ticking to end the impasse between miner Griffin Coal and power station Bluewaters after fresh analysis revealed their long-running fight remains a threat to WA’s power grid.

Coal Loophole Undermines Bank Pledges to Cut Fossil Fuel Funding

(Bloomberg) — In the parts of the financial world that have spent the decade since the Paris Agreement trying to curb the most-polluting fossil fuel, there are actually two distinct types of coal — with two very different sets of rules.

Are banks lying to us?

In today’s Finshots, we break down the latest Fossil Fuel Finance Report and tell you why banks can’t seem to keep up with their climate commitments.The StoryCompanies have three main ways to raise money. They can issue shares, borrow from banks or raise funds by selling bonds. Without these options, growing or even staying afloat becomes tough.And that’s exactly the kind of financial squeeze a global coalition of environmental groups including …