One area where the banks are getting it right: curbing coal

Amid all the excitement over the bank royal commission, in the dying days of 2017 there were important changes at several of the big four that you may have missed.

The big banks have effectively ruled out financing the
expansion of thermal coal mining or coal-fired electricity. 

It became crystal clear the big four will no longer be backing the expansion of thermal coal mining, or coal-fired electricity, thus speeding up the economy’s shift towards renewable energy. 

Read the story by Clancy Yeates in today’s Melbourne Age - “One area where the banks are getting it right: curbing coal.”