Standard Chartered to Stop Financing New Coal Power Plants
JOHANNESBURG (Capital Markets in Africa) – Standard Chartered Plc said it will stop financing new coal-fired power plants anywhere in the world as part of its commitment to supporting the Paris Agreement on climate change. The move follows “detailed consultation with a range of stakeholders,” according to a statement Tuesday from the London-based bank. Standard Chartered said its existing commitments were excluded from its new policy on coal energy. It currently has 14 project financing facilities in seven…
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