Finnish energy company Fortum/Uniper confirmed that it doesn't intend to align its business with the goals of the UN Paris climate agreement,
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We are calling on financial institutions to demand that utilities develop socially responsible plans for phasing out coal by 2030, the latest.
European financial institutions and international investors and banks including BlackRock and the Japanese megabanks are keeping Europe’s terminally declining coal industry on life support, handing companies €12 billion in investment, and €9.8 billion in loans and underwriting in less than 1.5 years, according to a new report.
Updated for 2020, Fool’s Gold - The financial institutions risking our renewable energy future with coal examines eight European, and four significant international, financial institutions, and finds that all continued to pump money into coal companies in the year after the IPCC released its 1.5 degrees C special report.
A new set of digital tools were launched to highlight coal utilities and financial institutions that continue to hold back progress.
ČEZ Czech energy company has broadly outlined its own coal phase-out dates as the trajectory of coal exclusion policies is trending in a positive direction.
The Czech Republic’s coal commission will join state-owned energy company ČEZ tomorrow to hold a ceremony marking the closure of the Prunerov I coal plant.
Czech-based energy investor EPH, announced its intent to acquire the remaining shares of a 900 MW coal power plant in the German city of Schkopau.
Polish state-owned energy company PGE has omitted the Gubin coal mine project from its latest financial report, confirming in this way that it has been shelved.