Banks and Coal

In 2015, pressure from RAN and our allies prompted nine major U.S. and European banks to adopt broad-based commitments to reduce financing for the coal industry. 

Answer

This year, we will build on this momentum to push more banks to adopt similar policies and move leaders towards a rapid phase-out of financing for coal mining and power. With the Paris climate conference calling for the world to work towards a 1.5 degree climate target, an immediate halt to all coal infrastructure investment and development is urgently needed.

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