The Adaro Blog
World demand for coal falls despite growth in Asia
December 17, 2019, 7:35 pm
Global demand for coal has fallen this year for the first time in two years as Europe and the US turn their backs on coal-fired power plants in favour of cheap gas and renewable energy.
A report from the International Energy Agency (IEA) found that the world’s appetite for coal declined in...
Australia energy market operator turns Scrooge on coal lobby
December 12, 2019, 6:55 pm
LAUNCESTON, Australia (Reuters) - Australia, which vies with Indonesia for the title of the world’s largest coal exporter, is planning for an electricity future where use of the polluting fuel dwindles and is rapidly replaced by renewable energy sources.
The Australian Energy Market...
Credit Suisse to stop financing new coal-fired power plants
December 11, 2019, 5:20 pm
ZURICH — Credit Suisse will stop financing the development of new coal-fired power plants, Switzerland’s second-biggest bank said, a week after environmental groups urged it to act.
“The bank has decided to no longer provide any form of financing specifically related to the...
HSBC, StanChart Help Keep Coal Industry Alive, Says Greenpeace
December 5, 2019, 8:00 pm
(Bloomberg) -- Four British banks have provided $31.8 billion of financing to coal companies in the past three years, even as they publicly moved away from doing business with some of the fossil-fuel industry, according to Greenpeace.
The environmental group said Barclays Plc, HSBC Holdings Plc,...
3 S. Korean institutional investors declare end to coal exposure
December 3, 2019, 7:07 pm
Three South Korean institutional investors on Dec. 3 declared an end to coal exposure in their portfolios.
This comes in line with the global push for responsible investment principles, such as environmental, social and governance criteria.
DB Insurance, the Korea Teachers’ Credit Union...
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