BankTrack reposted this
As world leaders gather for the 29th UN Climate Change Conference this week, commercial banks are STILL financing new coal development. As part of our #EndCoalFinance campaign with BankTrack, Recourse, Trend Asia and others, we identified 44 new coal power projects currently in the pipeline in Asia (where new coal development is concentrated) and the commercial banks most likely to finance them. These "coal banks" are the focus of a new #EndCoalFinance website calling on the commercial banking sector to rule out financing for these and other new climate-wrecking coal projects. 🌏 www.endcoalfinance.org As our research director Dustin Roasa says, these banks "must stop providing a lifeline to an industry that has caused such harm globally and to the people of Asia.” https://lnkd.in/e9kQ3rD5 #COP29 #CoalBanks
