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Market Forces is reacting to news this morning of a new set of commitments on ANZ regarding climate change and coal investments.
"When it comes to leadership on climate change, the podium remains empty, and in desperate need of a bank to step up", said Market Forces Lead Campaigner Julien Vincent.
Earlier today, Citigroup, the parent company of Citibank, committed to take a significant, though partial step away from banking coal. The company updated its environmental policy statement, stating that it had begun to cut its credit exposure to coal mining and that "going forward, we commit to continue this trend of reducing our global credit exposure to… read more >> | share >>
Today's publication of new criteria for coal-fired power plant financing by French bank Crédit Agricole suggests that the bank will not be able to finance the controversial €800 million Plomin C coal power plant in Croatia, believe campaign groups.  The policy now rules out finance for coal power plants in high-income countries, which includes Croatia.… read more >> | share >>
Today, Rainforest Action Network (RAN) announced that Morgan Stanley is the next major investment bank being targeted with a public campaign to demand that the bank commit to stop financing coal mining and coal-fired power.