Tide turns against coal as banks look for the exit

Seen as toxic for the environment and as an investment, coal is losing its attraction among lenders

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The end of coal just moved a little closer.

Two Japanese banks, both among the world's top funders of coal-fired power stations, said earlier this month that they would stop financing new projects.

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A version of this article appeared in the print edition of The Straits Times on April 29, 2020, with the headline Tide turns against coal as banks look for the exit. Subscribe