IEEFA report: every two weeks a bank insurer or lender announces new coal restrictions

New research from the Institute for Energy Economics and Financial Analysis (IEEFA) today reveals over 100 major global financial institutions have introduced policies restricting coal funding.

The report, “Over 100 Global Financial Institutions Are Exiting Coal, With More to Come,” finds global capital is fleeing the coal sector at an electrifying rate.

Since 2013, coal exit announcements have occurred at a rate of over one per month from globally significant banks and insurers holding more than US$10bn worth of assets under management.

Read the report - “IEEFA report: every two weeks a bank insurer or lender announces new coal restrictions.”