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Coal: A Bad Bet

Mining and burning coal is flatly incompatible with a stable climate.

Answer

With the Paris agreement in hand, there is no excuse for banks to support an industry that flies in the face of international commitments to limit global warming to 1.5°C: an immediate halt to all coal infrastructure investment and development is urgently needed. Moreover, with sinking prices and consumption of coal, coal remains a bad investment on financial grounds. Case in point: the biggest coal companies in the U.S. have gone bankrupt in the past 2 years.

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