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Banks bet big on coal in Indonesia, bucking global shift away from fossil fuel

  • Mongabay faviconMongabay

    May 12, 2022, 9:10 am316 pts
    JAKARTA — A surge in coal prices is driving a wave of bank loans to miners in Indonesia, the world’s fifth-largest coal producer and top exporter. By continuing to finance the fossil fuel industry, banks like Citigroup, BNP Paribas and Standard Chartered are making it harder for Indonesia to transition to…
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About EcoTopical

Welcome to EcoTopical Your daily eco-friendly green news aggregator.

Leaf through planet Earths environmental headlines in one convenient place. Read, share and discover the latest on ecology, science and green living from the web's most popular sites.

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