An Important Message For Oilprice Members

Sign in to follow this  
Followers 0
AB

Asia's Coal Developers Feeling Left Out By Cold Shoulder From Banks

Stormysaga in Mining

Recommended Posts

Stormysaga    + 62

AB


Developers of coal mines and coal-fired power plants in Asia are facing difficulties growing their businesses as global financial institutions refuse to back their projects to avoid criticism over climate change. 

“European banks have said they don’t want to finance coal projects for a while, Japanese followed and now Singapore. About 85% of the market now don’t want to finance coal power plants,” said Dharma Djojonegoro, Deputy CEO of Indonesia’s PT Adaro Power. 

https://www.reuters.com/article/us-asia-coal-finance/asias-coal-developers-feeling-left-out-by-cold-shoulder-from-banks-idUSKCN1TQ15B

Share this post

Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
You are posting as a guest. If you have an account, please sign in.
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

×
Sign in to follow this  
Followers 0
Go to topic listing