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Asia-Pacific

Ending Banks’ “Deadly Addiction” to Coal

Asset owners and managers encouraged to turn up the heat as banks prove slow to withdraw from historic relationships.

When UN Secretary-General António Guterres urged an end to the international financing of coal plants and a shift in investment to renewable energy projects, he referred to a “deadly addiction to coal” of governments, private companies and local authorities. Phasing out coal from the electricity sector would be “the single…

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