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Coal firms face tougher times raising finance on climate concerns
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Thermal coal is used for power generation and some nations remain heavily reliant on the fuel.
PHOTO: REUTERS
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SINGAPORE - Coal power and mining firms in the region are finding it harder to raise finance over climate change concerns, and are being increasingly pushed by banks to lay out concrete transition plans to shift away from dirty energy.
Recently, Standard Chartered bank announced it was ending its relationship with Indonesian coal miner PT Adaro Energy.
